This, boys and girls, is what you call a relief rally in markets. There are some staggering numbers out there, especially from Germany, Hong Kong, and Brazil indices.
As I wrote in my weekend TheStreet column, this sort of move was more or less inevitable after the sorts of downbound moves we've seen, so long as nothing imploded over the weekend. It will give rise to non-stop cries of "the bottom is in", which I don't believe, but that's not the same thing as saying a) that markets were ever going to keep falling 30% a week, or b) that we couldn't have a darn impressive run here.
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This article has 4 comments:
- autboy
- 19 Comments
Oct 13 12:40 PMlol
- camp nassau
- 1 Comment
Oct 13 02:23 PM- curbs-in
- 373 Comments
Oct 13 03:40 PMUSG -- U.S. Government
UST -- U.S. Taxpayer (usually shorted)
- curbs-in
- 373 Comments
Oct 13 03:43 PMYou are right. This rally is fueled at the expense of taxpayers around the globe to the tune of $3 trillion and counting...
Bubble has temporarily moved from Wall Street to Pennsylvania Avenue...
It will burst, sooner or later...