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Dow Ends Up 413 Points

2008_10_stock20.jpgThe Dow Jones ended the day with a 400+ rally, closing at 9,265 points. The Nasdaq was up 3.43% and the S&P 500 was up 4.77%. Earlier today, Fed Chairman Ben Bernanke said the country should think about another stimulus package, "With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture is appropriate." But investors are hopeful, now, too: Dawson Wealth Management's Joe Heider told CNBC, "I think one of the most encouraging signs, is is a loosening up of the credit market. We're actually recommending to our clients that now is a good time to go back into the equity markets in a broad, diversified fashion."

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Comments [rss]

  • optimist

    Every time a bailout, or stimulus is passed, its like a crack addict trying to get back to that first, great, high. Each passing day takes more and more crack just to get back to 'normal'. Pretty soon we'll need a near lethal dose just to get out of bed.

  • mrdavenport
  • NannyState

    Back for more.....









    .....SUCKERS!

  • Shinobi Shaw

    Another reality is that for now you will see Deflation as the bailout money trickles down, then by early next year it will be staggering hyperinflation.



    People are fools to continue with this Ponzi Scheme aka the Stock Market.

  • REALITY CHECK

    The reality is that the Dow will drop to 4,500 before 2012. You heard it here first.

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