Stock market goes up 10% in one week

Discussion in 'Stock Market' started by Chris, Mar 14, 2009.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    Wall Street closed higher for the fourth consecutive day on Friday, capping its best week since November, and one that gave investors a break from a relentless streak of declines.

    The market shot up in one week as it might in some years, with major indicators chalking up gains of about 10 percent.

    Friday’s gains were modest compared with the rallies on Tuesday and Thursday, but investors welcomed the market’s ability to hold its ground. Several recent rallies have ended with disappointing sell-offs.

    The Dow Jones industrial average closed 53.92 points higher to finish the week at 7,223.98, and the Standard & Poor’s 500-stock index rose 5.81 points, to 756.55. The technology-heavy Nasdaq index was 5.4 points higher at 1,431.50.

    For the week, the Dow finished up more than 9 percent while the S&P 500 ended 10.7 percent higher, largely on the back of rallies on Tuesday and Thursday. A closely watched gauge of market volatility dropped for the week.

    Stock market makes it a four-in-a-row win streak | Business | Chron.com - Houston Chronicle
     
    Last edited: Mar 14, 2009
  2. Amanda
    Offline

    Amanda Calm as a Hindu cow

    Joined:
    Nov 28, 2008
    Messages:
    4,426
    Thanks Received:
    1,005
    Trophy Points:
    48
    Ratings:
    +1,006
    Let's hope it's a trend that will lead us to economic recovery.
     
  3. Pyrite
    Offline

    Pyrite Member

    Joined:
    Mar 11, 2009
    Messages:
    243
    Thanks Received:
    20
    Trophy Points:
    16
    Ratings:
    +20
    I really, really hope this isn't a dead cat bounce. There's indicators it's based on a real stability in the market. Hopefully, this general trend will continue, and slowly we'll start to climb back to eight and nine thousand.

    Now we need to focus on rebuilding the economy with a stronger foundation. And putting the people who caused this collapse in jail as an example to future would-be financial criminals.
     
  4. DiveCon
    Offline

    DiveCon gone

    Joined:
    Aug 10, 2008
    Messages:
    48,025
    Thanks Received:
    3,387
    Trophy Points:
    48
    Ratings:
    +3,387
    figures a moron like you would be bragging about this minor blip
    i hope its a sign that things will rebound in spite of the crap Obama and the dem morons in congress have done
     
  5. Pyrite
    Offline

    Pyrite Member

    Joined:
    Mar 11, 2009
    Messages:
    243
    Thanks Received:
    20
    Trophy Points:
    16
    Ratings:
    +20
    Typical. Obama is responsible for the market going down, but the market going up happens in spite of him. Even when the market starts going up shortly after the stimulus bill is completed.
    Are there any conditions under which you would accept that President Obama has been good for America? Is there any result that would make you accept it?
     
  6. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    Terrific!

    Now all it has to do is DOUBLE IN VALUE, and it will recover its former luster
     
    • Thank You! Thank You! x 1
  7. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    Bear market rally. That's all it is. We'll be hovering around 7000 for a while.
     
  8. Skull Pilot
    Offline

    Skull Pilot Platinum Member

    Joined:
    Nov 17, 2007
    Messages:
    31,824
    Thanks Received:
    4,500
    Trophy Points:
    1,130
    Ratings:
    +10,106
    Pay no attention to the man behind the curtain!

    $v2008-09.gif
     
  9. Freemason
    Offline

    Freemason What the Dormouse Said

    Joined:
    Mar 11, 2009
    Messages:
    115
    Thanks Received:
    10
    Trophy Points:
    16
    Location:
    The Heart Of Darkness...The Horror
    Ratings:
    +10
    Could be some profit taking. Could be Obama's comments, states refusing the bailout, all this is good for the market, yet housing, banking, and auto, will still drive the economy.
     
  10. Old Rocks
    Online

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,560
    Thanks Received:
    5,424
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,368
    When the good people that have lost their jobs start getting decent paying jobs again, then I will say that a recovery has started. Nothing else is acceptable as a measure of the success of the economy.
     

Share This Page