Finally, a massive gain instead of a massive drop on Wall Street. This is the fifth largest daily pecent gain. The four largest date clear back to 1929-1933 so for most investors, this is the largest gain in their lifetime. The previous highest daily point gain was +499.19 on March 16, 2000 so we eclipsed that record by 437.23!
Maybe this will finally convince some people to get off the fence.
(Chart from CNNMoney.com & BigCharts)
It's about darned time.......there are waaaaaay too many people with BA degrees in economics that have allowed this to happen.
This was what many would refer to as a rebound gain but with other countries following our lead in economic stimulus with lower rates, it may be more than a rebound gain and continue....
Interesting...I agree with Huckabee that some of this up and down mess could be economic terriorism. What about that Kramer guy that told everyone to take their money out of the market on Friday. I hope this is a sign in the right direction.
Next we will have to see how the international markets react. If they rebound as well, it is a great sign. One major battle doesn't win the war, but it can change momentum.
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