Sometimes it’s Clear that I Just Don’t Understand the Markets…
January 2nd, 2009 | 5:15 pm | Posted in Current Events | 4 Comments »
The Dow finished up almost 3%. The NASDAQ was up 3.5%. Those are HUGE gains.
So…where’d this rally come from? It was up, up, and up right from the opening bell.
Bernanke didn’t announce anything. I didn’t hear Paulsen’s name in the news today. Obama‘s laying low. No signs of all the money Madoff lost… What gives?
You can’t tell me that it’s some sort of New Year optimism — I mean, in the “real” world, flipping the calendar page from December to January is just like any other page flip.
For me, today was just a regular Friday at work.
Sure, we had yesterday off, but I can’t claim that the office had a “new” mood running rampant. I didn’t sense any optimism — indifference would more accurately describe the atmosphere lately.
I can’t believe that it would actually be *this* different on Wall Street.
Apparently it is…
January 5th, 2009 at 9:37 am
Hope this is a good start. i think i will buy until the end of January, and sell it at the beginning of february
January 9th, 2009 at 10:14 pm
It is entertaining because we like to expect that structured changes in economy or finances are the cause of increases or decreases, and then we see changes like this, where the increase looks to be based on the general feeling of stockholders. It may not have been the complete reason, but the New Year’s energy is something that is hard to avoid feeling.
March 23rd, 2009 at 5:31 pm
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