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Big(ish) Rally Today in Stocks

sunzt

sunzt

Diamond Member
So looks like the Obama picks ignited a spark today. While it's great that Obama picked parts of his economic team, i still think that the market fundamental's are in a bad shape. There is still room to bottom out. Any other thoughts?
 
Suckers Rally

Margin calls when you are leveraged 60 to 1 are pretty unprecedented so I think we will see some unprecedented bottoms.

Wait for positive indicators that signal economic turn around, not flashy headlines about new people taking over or the government singing checks. Who knows, this new guy could be 10x worse than Paulson and we see the market plummet even more.
 
dead cat bounce. market has taken a pounding the last 3 weeks (down 20% lol) so it would still drop some.

i think the odds are pretty good we will see the 6k's, maybe 5k's if a big3 goes under.
 
Wait for positive indicators that signal economic turn around
Click to expand...

That's never how it works. The economy won't get any better until the stock market stops going down (i.e., until people get tired of selling). If stocks were to keep going down until economic conditions improved, then all stocks would go to zero.
 
There were HUGE rallies during the great depression...

Volatility is not a good thing. As long as you keep having major drops the day after major gains you are not improving.
 
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