Stock Market At Bottom

[clayinaustin]

Yahoo Finance

Did the stock market find its bottom yesterday? It's up today!

Wall Street Rallies as Bernanke Tells Congress Recession May End This Year

Federal Reserve Chairman Ben Bernanke has steadied Wall Street by telling Congress the recession might end this year. In his semiannual report to the Senate Banking Committee, Bernanke predicted the economy is likely to keep contracting in the first six months of 2009. But he also said "there is a reasonable prospect" the recession will end this year. He warns that a recovery will require getting credit and financial markets to operate normally.

 

[cigdaze]

It wouldn't be the first time Bernanke is wrong.

 

[Expensive Date]

Bear market rallys usually don't last long.But it does show that this market can and will run

 

[Audiofn]

So it gained ALMOST what it lost yesterday.... YIPPY!!!! It will be down tomorrow after barry O has his speach. Seems to be the trend anyhow. My guess is tomorrow will loose a lot of what it gained today unless barry O really pulls a rabit out of his hat.

 

[RedDog382]

My guess is tomorrow will loose a lot of what it gained today unless barry O really pulls a rabit out of his hat.

You mean out of his backside ...

 

[DollaBill]

not even close. I still maintain 6500 range when either GM or Chrysler files.

 

[Expensive Date]

A few months ago I thought you were low but we may see that

 

[DollaBill]

A few months ago I thought you were low but we may see that

Oh, I'm low alright :sifone:

 

[fund razor]

Bernanke managed to drive oil futures up.

Typical tanking market reaction to an Obama speech.

Love the "day of reckoning" part.

 

[RedDog382]

Bernanke managed to drive oil futures up.

Typical tanking market reaction to an Obama speech.

Love the "day of reckoning" part.

But he doesn't care about the stock market (I heard him say that himself). He just wants to keep people in their livin' above their means, overpriced, and overfinanced homes and the rest of us "rich" people to pay for it all. Like Bugs Bunny used to say "What a moroon ...!" And someone claimed this guy is intelligent. A real economic wizard we have. Ronald Reagan must be rolling over in his grave right now ...

 

[cigdaze]

Hmmm...

 

[Offshoredrillin]

I hate to say it, but watch them take it under 7000 just to prove a point.

 

[Audiofn]

Down 156 right now. Wonder if it will be the ussuall end of the day sell off making it a bad day or is something will turn it around..... I thought that maybe the speach last night being a little more positive was enough to get things to hold. Looking like the market is still looking for something that has yet to be said.

 

[Expensive Date]

Hmmm...

Looks like the ocean off of New Jersey

 

[fund razor]

Cool. Nick's chart updates.

 

[Audiofn]

Cool. Nick's chart updates.

Kind of like Ross Perot.

 

[Sea-Dated]

Down again.......:smash:

 

[Audiofn]

Holly end of the day sell offf Batman!!!!!

 

[cigdaze]

Cool. Nick's chart updates.

Yep...permalink to a live image.

 

[Sea-Dated]

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