someone explain to me why the INDU is up this morning

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  • Wolfy
    Confirmed User
    • Dec 2003
    • 3574

    #1

    someone explain to me why the INDU is up this morning

    What happened?

    +358.74 ATM.
  • Wolfy
    Confirmed User
    • Dec 2003
    • 3574

    #2
    +470.48


    I want to learn about this shit - where should I start?

    Comment

    • IllTestYourGirls
      Ah My Balls
      • Feb 2007
      • 14311

      #3
      dead cat bounce?

      Comment

      • cybermike
        Confirmed User
        • Jan 2002
        • 4122

        #4
        After 8 straight days of closing down the 9th is free? :P
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        • Wolfy
          Confirmed User
          • Dec 2003
          • 3574

          #5
          +506.24!

          I read a quote by Warren Buffet over he weekend - "Cash + Courage in a time of crisis is a priceless thing."

          Or something like that. I liked it.

          Comment

          • Wolfy
            Confirmed User
            • Dec 2003
            • 3574

            #6
            Originally posted by IllTestYourGirls
            dead cat bounce?
            Is that the lingo?

            Comment

            • IllTestYourGirls
              Ah My Balls
              • Feb 2007
              • 14311

              #7
              Originally posted by Wolfy
              Is that the lingo?
              yup

              http://en.wikipedia.org/wiki/Dead_cat_bounce

              I really hope it is an upward trend that wont fall back down. But it could be a dead cat bounce.

              Comment

              • pornguy
                Too lazy to set a custom title
                • Mar 2003
                • 62910

                #8
                +508.63

                inching up..

                If it breaks 9k and closes that, it might help some people see some sun shine.
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                • Wolfy
                  Confirmed User
                  • Dec 2003
                  • 3574

                  #9
                  581.03, we just broke 9k!!!

                  Comment

                  • mynameisjim
                    Confirmed User
                    • Aug 2007
                    • 2985

                    #10
                    I was telling people this over the weekend. I don't know that much about the stock market but don't be surprised if we have some record jumps this week. Everything is so far out of whack that I wouldn't be surprised if the market shoots back up to record territory in the next 6 weeks.

                    Just like oil. It doubled and halved in about 2 months even though nothing really happened to cause it. Everything that is happening is so unprecedented you can't really predict it anymore using the past.
                    jim (at) amateursconvert . com Amateurs Convert

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                    • woj
                      <&(©¿©)&>
                      • Jul 2002
                      • 47880

                      #11
                      I'm pissed at myself that I didn't buy more
                      you don't see +10% days often
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                      • sex69
                        Confirmed User
                        • Feb 2004
                        • 671

                        #12
                        Thanks for the explanation
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                        • yys
                          Confirmed User
                          • Aug 2001
                          • 1922

                          #13
                          Originally posted by woj
                          I'm pissed at myself that I didn't buy more
                          you don't see +10% days often
                          Its only one day Still plenty of companies valued cheaply. Buy on any dips as 3-5 years out you will be sitting pretty.

                          I'm loving my rimm and pwe(22%+ yield ) buys last week. I think I might hit double baggers on both of these inside one year.

                          What did you guys who are buying pick up?

                          Comment

                          • Wolfy
                            Confirmed User
                            • Dec 2003
                            • 3574

                            #14
                            I wish I had done this last week, but I don't think it's too late to get started.

                            I need to dump a grand or so into an account somewhere, and I want to manage my own money - where should I go?

                            Comment

                            • Vendot
                              Confirmed User
                              • May 2002
                              • 3376

                              #15
                              Originally posted by Wolfy
                              I wish I had done this last week, but I don't think it's too late to get started.

                              I need to dump a grand or so into an account somewhere, and I want to manage my own money - where should I go?
                              Its not worth it unless youre talking at least $5k (bare minimum) but probably $10k. Charles Schwab is pretty good.
                              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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                              • Wolfy
                                Confirmed User
                                • Dec 2003
                                • 3574

                                #16
                                Charles Schwab allows you to manage your own trades? I thought they were a managed account service.

                                Comment

                                • Wolfy
                                  Confirmed User
                                  • Dec 2003
                                  • 3574

                                  #17
                                  And as far as the amount and what is "worth it" - I plan on losing the first time, and I'm pretty sure I can lose a grand pretty effectively. ;)

                                  Comment

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