two day rally

Discussion in 'Stock Market' started by wimpy77, Mar 11, 2009.

  1. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    things may change tomorrow but with freddie mac asking for $30 billion from the fed stocks could go down tomorrow unless something good happens.
     
  2. toomuchtime_
    Offline

    toomuchtime_ Gold Member

    Joined:
    Dec 29, 2008
    Messages:
    5,570
    Thanks Received:
    710
    Trophy Points:
    190
    Ratings:
    +1,992
    I may be missing something, but the rally yesterday seems to have been driven entirely by Citi's claim that it showed a profit for the first two months of the year, but that says nothing about the amount of credit available to finance a recovery. If Congress decides to modify the mark to market rule tomorrow it may buoy prices for a few days more, but unless there is more substantial news in the offing, I think we will see the market going again before long.
     
  3. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    The DOW was up 0.06% today and that's considered a rally?
     
  4. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    i think if they decide to modify mark to market tomorrow i think it will be more than a few more days. banks would not have to write loses until they are fully mature from my understanding. but right now the futures are doing pretty good right now.
     

Share This Page