The stock market is about to close and the DJIA is up 900+ points

[cali]

This is all so whacky.

[MadBadger]

1. +962

[beachmom]

2. The markets have been "volatile", and I think it will remain that

way, off and on, for the next several months.

I also think we should thank Great Britain for their leadership in dealing with the financial crisis.

[qanda]

3. Can we claim that the market liked Obama's new plan?

Since they were trying to pin the decline on him.

[beachmom]

6. I think they liked Great Britain's plan, which Paulson may now emulate.

[CJCRANE]

11. Yes, markets closed up in Europe earlier

due to Gordon Brown's part nationalization of British banks this morning.

[Schulzz]

9. No, they liked the new, improved McCain, without any new plans.

:sarcasm:

[crankychatter]

4. tin foil hat theory = this is directly tied to Obama's lead where the bail out package had failed NT

[riqster]

5. Due to the fact that the Free Market myth has blown up

...and the Socialists are taking over. :D

[Curtland1015]

7. Some ecomomy brains were saying last week to expect the market to bounce around...

...a lot for the next several months before finally leveling out.

[Marsala]

8. But I thought that the markets were afraid of an Obama victory!!! n/t

[WeDidIt]

10. I'm glad I moved my 401K into a 100% Blue Chip position on Friday

:evilgrin:

And they made the trade just before the closing bell on Friday, too.

:evilgrin:

Just confirmed it today. Man, that was tight!

[codjh9]

12. It must be due to a stirring speech by our wonderful economic expert, Mr. McCain't. n/t

[WallStreetNobody]

13. A Couple Big Things

-The main was the UK's plan (as well as larger Europe) - so give them a thanks
-The US will likely do something similar
-The Democrats are pushing for another stimulus program
-The TARP program begins buying assets tomorrow most likely
-The volume today was very light because of the holiday, credit markets were closed
-Obama's plan was very well received, particularly the part about tax breaks for companies that add jobs.

So yes, Democrats do deserve some of the credit for today's rally. But the biggest single factor was the UK plan.

[BumRushDaShow]

14. I think I saw that the Europeans would guarantee something like $2.3 trillion?