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Home Front Economy
Dow gains over 600 points on rate-cut expectations
2008-10-29
Posted by:Fred

#9  Sucker rally
Posted by: Bright Pebbles   2008-10-29 20:25  

#8  NEW YORK (AP) -- Wall Street has the interest rate cut it wanted, but still turned in a baffling late-day performance, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the market's big advance.
The Dow Jones industrials were up nearly 280 points in the last quarter hour of the session, giving them a two-day gain of more than 1,160 points, when another bout of last-hour volatility wiped out the advance. Some analysts said hedge funds were cashing in their gains, while others said some investors were giving a bleak interpretation to the Federal Reserve's statement on the economy that accompanied its half-point rate cut.

The Dow is down 74 points at the 8,890 level. The broader market indexes have ended the day mixed.
Posted by: tu3031   2008-10-29 16:21  

#7  The 1st year of new administrations are BAD for the market. They tend to front load unpopular decisions, perhaps in the hope that voters will forget by the next election.
Posted by: Minister of funny walks   2008-10-29 16:14  

#6  Up 269 after a 1/2 point drop in the interest rate.
Posted by: tu3031   2008-10-29 15:51  

#5  Careful; it will only take frank and palosi to say that with an ohbama presidency and fillibuster proof congress they could go ahead and repeal death and capital gains taxes immediately after inauguration to send it down the shitter.
Posted by: swksvolFF   2008-10-29 15:35  

#4  Up 117 as of 1:30 EST.
Posted by: tu3031   2008-10-29 13:34  

#3  Buy now or be price out forever!
Posted by: Anguper Hupomosing9418   2008-10-29 13:19  

#2  article was at 350pm yesterday

at market close the game was almost 900 points

Posted by: mhw   2008-10-29 07:37  

#1  INTERESTING > 2008-2012 [2016]= the GLOBALIST-SOCIALIST AGENDA is the closest its ever been to becom POPULARLY ELECTED in America per se, whilst at the same time the US is engaging in MASSIVE NEW ENTRENCHMENT EFFORTS IN EURASIA, ESPEC FROM MIDDLE EAST TO PAN-ASIAN MAINLAND.

OTOH, WORLD MILITARY FORUM [China] > THE WEST SHOULD NOT DOUBT THE SUPERIORITY OF CAPITALISM SYSTEM NOR FEAR ANY RISE OF CHINA, ASIA, the latter relying heavily on Western/International, Capitalist FOREIGN INVESTMENT-TRADE FOR NATIONAL-REGIONAL DEVELOPMENT; + THE US IS NOW IN WORLDWIDE RETREAT DUE TO TERROR WAR SETBACKS, FINANCIAL CRISIS, + JAPANESE RIGHT WING GROUPS DEMAND US PAY US9.0TRILYUHN DOLLARS FOR ECONOMIC LOSSES, espec as per unilateral US advantages derived from the 1985 US-Japan NYC Plaza Hotel Accords. curr US Crisis, BUT EXCLUSIVE OR SEPARATE FROM WW2 US ATOMIC BOMBINGS OF JAPAN???

Also, SAME > RUSSIAN MEDIA: RUSSIAN AIR DEFENSES HAS SHOT DOWN THREE US SPY UAVS. RUSSIA, FORMER SSRS, + CHINA UNDER ROUTINE ILLEGAL/COVERT US SPY DRONE SURVEILLIANCE [UAVS]; + GERMAN MEDIAS: ANTI-CHINA DILPOMATIC "FROZEN PERIOD" UNDER MERKEL IS OVER [China-Tibet flap], GERMANY MUST NOW EMBRACE CHINA AND ASIA.
Posted by: JosephMendiola   2008-10-29 02:14  

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