DOW Up 416 Points: Biggest Gain in Five Years

[Terrel L. Shields]

A great way to suck a few more fools into the mill so the traders can exorcise cash from them....watch them be up a fraction by week's end and waddle around sideways and drop a few more points and a few more points. The Fed is desperate to keep the 20% level from being hit and the market to be declared a full blown bear.

Not to mention Wall St., who hates Gov. Spitzer, is giving him a "high five"...

 

[msdmckee]

But WHO was buying those shares today????? CNBC had to announce that Imelt had sunk in 2million to GE this morning. made it look a bit better don't ya think?

I don't know much about stocks & stuff, but what I'm learning through the behest of you kind and diversified folk is making me..........what's the word?

 

[xm4yb7]

But WHO was buying those shares today????? CNBC had to announce that Imelt had sunk in 2million to GE this morning. made it look a bit better don't ya think??

Not really, his $2 million dollars bought about 90,000 shares, which is barely a drop in the bucket compared to the daily volume of the DOW.

 

[Workbox]

They are just shoring up their reserves and doing in house trading, they want their balance sheets to look good. They are not distributing it.

 

[Eli Weiss]

But WHO was buying those shares today?????

Well, short sellers bought stock to cover their positions, and hedge funds are taking positions, not because they think it will go up tomorrow, but for the longer ride.........

There is lots of money to be made now if day trade, and I recommend everybody to learn the stock market, although my passion to the market is stemming from being a New Yorker just 5 miles from Wall Street...

 

[Scott Kibler]

Lots of money to be made at the craps table too.

 

[Greg Bell]

Day traders bonanza.Typical suckers rally after this dead cat bounce.Money managers trying to save the 401 K's that are now 201 K's

 

[DTB]

Day traders bonanza.Typical suckers rally after this dead cat bounce.Money managers trying to save the 401 K's that are now 201 K's

I was waiting for the usual response. Thanks. How many times does a dead cat bounce BTW and can it bounce all the way back up to previous highs?

 

[moh malekpour]

I was waiting for the usual response. Thanks. How many times does a dead cat bounce BTW and can it bounce all the way back up to previous highs?

Can a dead cat not only bounce but start running again? In this case, may be we have a zombie cat.

 

[Riick]

This is what they call the DISTRIBUTION phase.
When they distrubute the shares to the people who will take the fall.

P&F chart says DJI it broke downtrend line on advance/decline chart, but....
Transports, though up, certainly didn't confirm anything.