The dead cat bounces: dow up almost 1000.

MiccyNarc

MiccyNarc

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I love bipolar unstable markets. Other huge percentage gains in history:
Greatest DJIA Daily % Gains of All-Time
Rank Date Close Net Chg % Chg
1 15.03.1933 62,10 +8,26 +15,34
2 06.10.1931 99,34 +12,86 +14,87
3 30.10.1929 258,47 +28,40 +12,34
4 21.09.1932 75,16 +7,67 +11,36
5 21.10.1987 2.027,85 +186,84 +10,15
6 03.08.1932 58,22 +5,06 +9,52
7 11.02.1932 78,60 +6,80 +9,47
8 14.11.1929 217,28 +18,59 +9,36
9 18.12.1931 80,69 +6,90 +9,35
10 13.02.1932 85,82 +7,22 +9,19

This is what some people like to call the dead cat bounce: drop even a dead cat from high enough and it will bounce when it hits the ground. In this case I think mr. pussy is just bouncing from one step to the next.
EDIT: forgot to include a link:
http://www.actionforex.com/fundamen...ar-surges-against-japanese-yen-2008101364130/
 
If anyone ever needed proof that markets are fundamentally irrational...
 
The brokers like you to move the money around. If you didn't, they wouldn't get their percentage.
 
Why did I read the thread title and think that this was another "if you threw a cat off the Eiffel Tower..." thread?
 
Vegeta897 said:
Why did I read the thread title and think that this was another "if you threw a cat off the Eiffel Tower would it scratch someone's balls off shortly before landing safely?"
Click to expand...
went ahead and finished it for you
 
The beginning of the next depression of course! I'm saying that we'll be seeing a lot crazier shit pretty soon...
 
in a non-tl;dr inducing fashion, someone explain how something dependent on supply and demand can all of a sudden 'crash.'
 
Speculation drives a lot of the stock market. Shares were dirt cheap, and the speculation that the bailout + international support would kick in caused a lot of people to buy.

The bounce back up doesn't mean a whole lot. In fact, it means pretty much nothing considering it can go back down just as quickly, and is likely to.
 
/raises hands as we go through the corkscrew, then the helix.
 
MiccyNarc said:
I love bipolar unstable markets. Other huge percentage gains in history:
Greatest DJIA Daily % Gains of All-Time
Rank Date Close Net Chg % Chg
1 15.03.1933 62,10 +8,26 +15,34
2 06.10.1931 99,34 +12,86 +14,87
3 30.10.1929 258,47 +28,40 +12,34
4 21.09.1932 75,16 +7,67 +11,36
5 21.10.1987 2.027,85 +186,84 +10,15
6 03.08.1932 58,22 +5,06 +9,52
7 11.02.1932 78,60 +6,80 +9,47
8 14.11.1929 217,28 +18,59 +9,36
9 18.12.1931 80,69 +6,90 +9,35
10 13.02.1932 85,82 +7,22 +9,19

This is what some people like to call the dead cat bounce: drop even a dead cat from high enough and it will bounce when it hits the ground. In this case I think mr. pussy is just bouncing from one step to the next.
EDIT: forgot to include a link:
http://www.actionforex.com/fundamen...ar-surges-against-japanese-yen-2008101364130/
Click to expand...

I love how I look at those figures, and all I see is 10 dates followed by random numbers.

Wish I was smart...or cared?
 
The Dow lost over 700 points today and is expected to fall further over the coming weeks.

Analysts are now saying "we are heading towards a major recession, the likes of which have not been seen since the 70's or 80's."

Also, oil fell below $75 dollars a barrel. And gasoline averages are now $3.13 a gallon, down from over $4 a few months ago, and are expected to drop to $2 or lower by the end of the year. This is because OPEC expects a "major global economic recession" and decreased oil demand. To compensate, they are lowering oil prices to drive up demand during the recession.
 
Lol at the world. Recession benefits me at the moment. Bring it on.
 
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