Nice Little Rally Today...

[PBS Poll-435]

Perhaps the bottom of this market was 3/5/09 - 3/9/09? :shrug:


Citigroup (C) - $3.08. Up 202% since 3/5/09

Wells Fargo (WFC) - $17.22. Up 112% since 3/5/09

Bank of America (BAC) - $7.67. Up 144% since 3/6/09

JPMorgan Chase (JPM) - $27.11. Up 71% since 3/9/09

US Bancorp (USB) - $15.83. Up 80% since 3/6/09

General Electric (GE) - $10.32. Up 55% since 3/6/09

[JuniperLea]

1. I don't think so...

I don't think it would rise this quickly. I think this is just another day of profit taking and fire sale buying. And a lot of companies have laid off people, so their bottom line will automatically show an increase in profit because their overhead has gone down substantially without all those paychecks to cut.

[PBS Poll-435]

3. Well, I hope it was the bottom

Like it or not a large percentage of people are going to base Obama's job performance mainly on their 401(k) statements.


Quarterly earnings will start to trickle in in less than 2 weeks.

[JuniperLea]

4. I'm hoping he gives America a lesson...

In stock trading. These little hiccups in the market should be viewed for what they are, and not an indicator of our economic situation as a whole. The stock market is just one piece of a long list of indicators.

My IRA and 401k are in the drain... and I know it won't rebound for years and years.

[AndyA]

2. I guess time will tell.

The market seems especially sensitive to news these days, and I think all it will take to drop again is more bad news, which we surely will receive, unfortunately.

It will be interesting to see what things look like 60 days down the road.

[Thrill]

5. Its funny how they blame Obama the days the stock marke is down

and we don't hear shit about him when its up

[backscatter712]

6. Either we hit bottom, or it's a dead cat bounce.

:shrug:

[PBS Poll-435]

7. If next month earnings are close to the consensus estimates in most sectors

This will have been the bottom.

IMHO