Dow has largest ever daily point gain of 936.42 - up 11.08%!

By
Real Estate Agent with Progressive Realty (Boise Idaho) www.Progressive-Realty.info DB-17066

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!

Dow Jones average chart

 

Maybe this will finally convince some people to get off the fence.

 

(Chart from CNNMoney.com & BigCharts)

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Tags:
stock market
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Rainer
24,868
Veronica DeCarolis
Weidel Realtors - Flemington, NJ

Let's hope that tomorrow the market continues this direction.  Bonnie

Oct 13, 2008 09:34 AM #1
Rainmaker
813,782
Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

Yaaahooo

Oct 13, 2008 09:36 AM #2
Rainmaker
111,250
Terry Edwards
Russell & Jeffcoat Real Estate Corp. - Columbia, SC

It's about darned time.......there are waaaaaay too many people with BA degrees in economics that have allowed this to happen.

Oct 13, 2008 10:06 AM #3
Ambassador
589,370
Julie Chapman
DR Horton - Lakeland, FL
New Homes Sales Lakeland Florida

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....

Oct 13, 2008 10:22 AM #4
Rainmaker
131,644
Michele Reneau
Certified Staging Professional (CSP) Elite Instructor - Summerville, SC
Realtor, GRI ~ Charleston, SC Relocation Experts Team

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. 

Oct 13, 2008 10:36 AM #5
Rainmaker
299,380
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

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.

Oct 13, 2008 02:37 PM #6
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Rainmaker
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Jim Paulson

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