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It wasn’t bailout that caused Monday’s market surge — 3 other factors

Started by cordblomquist · 8 months ago

Since the $700 billion bailout was first proposed, whatever the stock markets did, much of the press took that as a sign that the market wanted more government intervention. The markets sinking on Sept. 29, the day the House voted down the first bailout bill (altough much of the sinking wa ... Continue reading »

2 comments

  • Eric

    8 months ago

    Or it might just be that the volatility index surged to an unprecedented 75, indicating a relief rally was imminent. Short term moves do not indicate very much and it will seen over the months and years whether or not any of the "necessary moves" had a positive impact.

    If I've got my numbers correct, yesterday's rally was the fifth highest, percentage-wise in market history. Most of the higher percentage one-day rallies made their debut at the beginning of the great depression. Yesterday's move was not in good company.
    reply
  • aaron weston

    8 months ago

    Did the Congress pass the provision which would allow a person to deduct $15000
    of net capital losses from ordinary income each year. If so what are the details of this?
    reply

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