CHESSNOID

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Stock Market Bounce

Posted on Oct 29, 2008 by CHESSNOID in stock market | 0 Comments


Tomorrow will be a good start for the stock market according to the futures.  The numbers right now are substantially up:

Dow

+251.00

+2.83%

9,105.00

NASDAQ

+30.75

+2.38%

1,324.75

S&P

+26.10

+2.82%

953.10

At the end of yesterday, the DOW gave back over 300 points to close in the red. Tomorrow we should get a nice bounce up. It’s only Thursday and I think everyone has a good idea that the feds really want to please them.  I personally don’t agree with most things the 3 stooges Bush, Bernanke, and Paulson have done that put our economy into a severe recession.  It does continue to get uglier with more layoffs, more foreclosures, and more businesses closing. The last rate 8-10 rate cuts have been ineffective and now that we are almost at 0%, I know these  3 stooges will be happy to get out after all their self sabotaging efforts to destroy our economy.

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