Typical rally after such a slaughter as we had last week. I doubt it will last. We'll probably get back over 10,000 and hover there until after the elections... then my guess is we slide back down under 8,000.
But I could be wrong. Now that there is so much manipulation in the markets from the (not) Federal Reserve and the government, there is no telling how the markets will act.
One thing is for sure --- it will be a wild ride! How's your 401(k) doing?
International Level: Ambassador / Political Participation: 595 59.5%
It will take many years to make up for what you're currently losing -- but not all stocks are down, just those in the DJIA and the NASDQ. Personally, I'd be out of all paper assets right now.
International Level: Ambassador / Political Participation: 595 59.5%
A good tactic is to sell on the highest day and buy back on the lowest day, and there were many high and low days this past month, but you must know what you are doing. Nothing for kiddies play.
International Level: Activist / Political Participation: 35 3.5%
Up!
NEW YORK (AP) - The Dow Jones industrial average jumped more than 800 points Tuesday as bargain hunters, buying in anticipation of a Federal Reserve rate cut, grabbed stocks that have been pounded lower in recent sessions. All the major indexes were up at least 9 percent
Ref. USAToday