Dow up 656 points

[droski]

i'm calling this a real rally. :crossfingers:

 

[BigPapaVol]

those crossed fingers sure inspire confidence.

 

[SavageOrangeJug]

i'm calling this a real rally. :crossfingers:

Did you honestly think it wouldn't rebound?

 

[T-TownVol]

just keep Bush and his boys off the TV and it might keep going up

 

[droski]

Did you honestly think it wouldn't rebound?

of course it will. the question is when and if we will test the lows before it happens.

 

[TheDeeble]

My guess is it would just be a reaction to a rate cut.

 

[droski]

they haven't cut yet, the question is will there be a sell off when we get the rate cut.

 

[droski]

finished up 891.

vix down 13.66

 

[TennTradition]

So, I thought that the bottom would be 8200 (and bought a bunch of index at that), but then I started getting the feeling another 10% was in order, and something like 7500 might be more realistic. This rally does have me wondering. The problem I have is just how long away is the bottom if it really is something like 7500. This high volatility up and down crap is getting old....and probably going to get even older.

Edit: Perhaps I should clarify..that's a bunch by my standards...probably not by the standards of many of you

 

[droski]

i think way too many people were waiting for the drop into the mid 7000s to buy. my guess is we never see it. once those people sitting on cash realize they are being left in the wake they will buy like crazy.

 

[Vol Mania 21]

AIG went up .48 today. again it will be years before i sell this stock, but still i enjoy seeing it go up, now if it will get even w/ what i paid for it i'll be happy

 

[kev20]

AIG went up .48 today. again it will be years before i sell this stock, but still i enjoy seeing it go up, now if it will get even w/ what i paid for it i'll be happy

only a quarter away.

 

[VolsNSkinsFan]

nice day with awesome volume

look for a fed cut of 3/4 a point tomorrow

 

[Vol Mania 21]

only a quarter away.

more than that. it closed at 1.83, and i bought it at 2.16

 

[kev20]

oh, thought it was 2.10 when you bought. sorry.

 

[T-TownVol]

nice day with awesome volume

look for a fed cut of 3/4 a point tomorrow

probably 1/2...but i hope you are correct

 

[myrobbins7]

The markets were trading at 25% below the 50 day moving avg. something had to give. Some very good money was made today and I just hope it holds after the fed cut. I would have like to see just a little more volume, but im still a happy man today.

 

[T-TownVol]

1/2 point @ 2:15 pm....where does the market go from here?...i say up

 

[Vol Mania 21]

i hope so

 

[T-TownVol]

fed sights financial market turmoil as reason

 

[droski]

the volitility is amazing. i bet we finish the day flat to slightly down.

 

[T-TownVol]

the volitility is amazing. i bet we finish the day flat to slightly down.

i was thinking semi long term...today, i agree with you

 

[Vol Mania 21]

ya my stocks are still falling so, today is a wash

 

[Vol Mania 21]

I knew i should have bought at least 500 shares of GM a while back.