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They're making a late run at DOW 10,000

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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:52 PM
Original message
They're making a late run at DOW 10,000
Edited on Mon Oct-06-08 02:54 PM by Kurt_and_Hunter
Panic short-covering at the close might put it over the top

9954 at this moment 3:52EST

Bounce, kitty! Bounce!
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:54 PM
Response to Original message
1. A a quick sell tomorrow?
:shrug:
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jdlh8894 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:55 PM
Response to Reply #1
5. Don't go short! N/T
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MadrasT Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:54 PM
Response to Original message
2. Yes! 10001!
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SE_Ohio_Dem Donating Member (78 posts) Send PM | Profile | Ignore Mon Oct-06-08 02:54 PM
Response to Original message
3. 10,000 @ 3:54:22
.
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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:55 PM
Response to Original message
4. Pity the poor junior trader at the PPT
He got the message: spend the billions to buy buy buy the DJI back above 10,000 by closing time, or you will be disposed of tonight in the East River.

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ITsec Donating Member (477 posts) Send PM | Profile | Ignore Mon Oct-06-08 02:55 PM
Response to Original message
6. PPT is about to hyperventilate nt
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spinbaby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:56 PM
Response to Original message
7. It's been some ride today
I think I've got whiplash.

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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:57 PM
Response to Reply #7
8. Sue the driver.
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drm604 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:14 PM
Response to Original message
9. I don't know a lot about this
but it looks to me like this "rally" began around the time the Fed announced the increase in bank loans. Am I mistaken about that? Is it just a coincidence?
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