Dow up 375 points today...

**Fiasco** · 03-10-09, 03:26 PM

finally

it's up 375 today so it can go down 545 tomorrow

**pavyracer** · 03-10-09, 03:27 PM

dead cat bounce

**SlickFazzer** · 03-10-09, 03:27 PM

gibberish. fundamentals havent changed....just talk of uptick rule and some other nonsense.

**tullamore** · 03-10-09, 03:28 PM

Unless you are an intra day trader the Dow being up for 1 day means nothing.

**jjgold** · 03-10-09, 03:32 PM

Means nothing, we are in a deep recession and it will only get worse. The Dow will drop at least 2000 more points before a bottom.

**SlickFazzer** · 03-10-09, 03:34 PM

5400

**daggerkobe** · 03-10-09, 03:34 PM

Dow jumps nearly 300 as Citi announces profit

NEW YORK (AP) – Wall Street got some good news from Citigroup, and responded with a huge rally. Led by financial companies, the market made its first big move upward in weeks yesterday after Citigroup Inc. said it had operated at a profit during the first two months of the year. All the major indexes soared more than 4 percent, and the Dow Jones industrials at times shot up more than 300 points, putting the index on pace for its biggest gain of the year.

**ryanXL977** · 03-10-09, 03:45 PM

does anyone consider that maybe, just maybe, the dow has been inflated for 10 years and should never have hit 12k or 14k?

**roasthawg** · 03-10-09, 03:52 PM

I'll take it...any good news is nice at this point, even if it is only temporary.

**Fiasco** · 03-10-09, 03:55 PM

Originally posted by ryanXL977

does anyone consider that maybe, just maybe, the dow has been inflated for 10 years and should never have hit 12k or 14k?

good point

we're pretty stupid as Americans though...

don't know how many can grasp that concept

**moneyline** · 03-10-09, 04:27 PM

Maybe people just realized our savior, Obama, has been elected president?

**RageWizard** · 03-10-09, 04:32 PM

Dow is up today because we are having a short covering rally. Meaning all the short sellers are taking profits. Why did it happen today? Well it was all set for a while, we just needed a catalist to start it like the totally phony profits reported by citibank, or the desire to go back to the uptick rule by Barney "Yes I really am a hypocritical crook" Frank. I hope some of you sold going into the close, because more than likely the rally is over, so we can start shorting again.

**Dark Horse** · 03-10-09, 05:17 PM

The shorters have become part of the problem. Greed has now taken the form of a mass desire for the market to go down. Shorting is no longer just a checking mechanism. The shorters think it's the safe play. But when there is nobody left to buy, their stocks are worthless. I hope a few of their favorite shorts go bankrupt. Unfortunately, the bailout makes that much harder. So the bailout is helping the shorters... to keep the Dow down!

**Willie Bee** · 03-10-09, 05:58 PM

Dow up 375 points today...

Probably something former president Cheney, er, I mean, Lil' Bush did just before he left office. The man walks on water, I'm telling you. God bless.

**HAPPY BOY** · 03-10-09, 06:16 PM

Dear lord please let this continue. i need to move a whole lot of dirt to get back to par!!!!! SHIP!

**big joe 1212** · 03-10-09, 06:22 PM

Originally posted by ryanXL977

does anyone consider that maybe, just maybe, the dow has been inflated for 10 years and should never have hit 12k or 14k?

of course it was, and will again one day, then it will burst again!

**HAPPY BOY** · 03-10-09, 06:29 PM

Happys plan... slow pl;ay the market. Buy back in when it hits 8000 SLOW as it gets back up at each barrier I.E 8500..9000 take 10% in cash and never I mean never have more than 45% in stocks...PEACE!!!!