Discussion in 'Stock Market' started by NOBama, Dec 8, 2008.
Looks like a strong open today, but can it hold?
Trying to guess the stock market and its reaction to news is like trying to figure out a woman on the first date. We have horrible unemployment numbers and the market is up... WAY up. 220 right now.
When the market receives bad news, it's supposed to go down. When it receives good news, it's supposed to go up. Why isn't it behaving like this?
This reminds me of 1 ½yrs ago when companies were reporting excellent earnings/outlook and getting taken to the wood shed for their efforts. IMO, thats because W St., knew what we didnt know.
If history repeats itself, well learn whats changed AFTER the real money is made.
Same ole same ole
What exactly leads you to think it looks stong, NO?
Serious question, not a refutation of your analysis.
Pre-market futures for the DOW were up 280+.
I think that's what he was saying. Whether or not that's considered "strong" is up for debate, I suppose.
Why wouldn't that be considered strong?
I didn't necessarily say it wasn't. Let's just see how the market moves, and we'll see how strong it really is.
Plus: World indices, more money being dumped into the banks today, the auto makers about to rip us off for 15B$, and the strange behavior of the market last Friday.
Strange wouldn't describe it. The most job losses in 34 years and the market shoots up. You need heart medication to follow this market.
Exactly why I might question the strength of 280 in just pre-market.
Separate names with a comma.