http://openmarket.disqus.com/enMon, 03 Nov 2008 13:12:27 -0000http://www.openmarket.org/2008/10/14/it-wasnt-bailout-that-caused-mondays-market-surge-3-other-factors/#comment-3458541Did the Congress pass the provision which would allow a person to deduct $15000<br>of net capital losses from ordinary income each year. If so what are the details of this?aaron westonMon, 03 Nov 2008 13:12:27 -0000http://www.openmarket.org/2008/10/14/it-wasnt-bailout-that-caused-mondays-market-surge-3-other-factors/#comment-3052111Or 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.<br><br>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.EricTue, 14 Oct 2008 17:14:16 -0000