two day rally

[wimpy77]

things may change tomorrow but with freddie mac asking for $30 billion from the fed stocks could go down tomorrow unless something good happens.

 

[toomuchtime_]

things may change tomorrow but with freddie mac asking for $30 billion from the fed stocks could go down tomorrow unless something good happens.

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.

 

[xsited1]

things may change tomorrow but with freddie mac asking for $30 billion from the fed stocks could go down tomorrow unless something good happens.

The DOW was up 0.06% today and that's considered a rally?

 

[wimpy77]

things may change tomorrow but with freddie mac asking for $30 billion from the fed stocks could go down tomorrow unless something good happens.

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.

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.