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Originally posted by LowLevelMason
To all of the ATS doom people: Your still fear mongering without reason.
UP ~930 points, biggest dow point gain in HISTORY and the biggest percentage performance gain is 76 years.
I find it so funny that when the markets have huge rallies, everyone who so desperately wants economic doom tell us that its all market manipulation. No, no its not. If market manipulation was occurring it would have happened last week.
Originally posted by LowLevelMason
To all of the ATS doom people: Your still fear mongering without reason.
UP ~930 points, biggest dow point gain in HISTORY and the biggest percentage performance gain is 76 years.
I find it so funny that when the markets have huge rallies, everyone who so desperately wants economic doom tell us that its all market manipulation. [...] Does this mean everything is over? No. But it means that using the stock market as a judge for the economy and stirring up panic and hysteria over stock market swings is foolish. [....] Its not the end of the world people, and its time those who desperately want it to be come back to reality. Your going to have to find something else to scare people about.
[edit on 13-10-2008 by LowLevelMason]
Source
For as long as any Senior Preferred is outstanding, no dividends may be declared or paid on junior preferred shares, preferred shares ranking pari passu with the Senior Preferred, or common shares
Originally posted by Bugman82
We hit a false bottom Friday. The market will probably shoot back up to the 11,000 mark or so and by that time it will realize its mistake and "correct" itself again. People are trading purely on emotion at the moment.
This is not over. The market isn't the issue. Credit is the issue. Credit markets are still terrible and will be terrible until we stop throwing "magical invisible money" at the problem.
Originally posted by tide88
I am shocked to see that no one has started a thread about how high the djia has risen today.(just kidding, I am not really surprised) It is going to have its biggest one day gain ever. Actually it will almost double its biggest one day gain ever.
source European markets also had their biggest one day gains ever, gaining about 10%. I know this is only one day but what the hell, it is good to see some good news for once. Especially when most of you, including Jim Cramer, thought the market was going to tank again. Once the rescue package starts to be implemented we should see more positive gains. Hopefully this will start to restore some confidence into people. And again I know it is only one day, but what a day it was! And I also realize we just had our worst week ever. Hopefully it will keep going up or at least not drop 400+ points tomorrow. At least I hope it stabalizes some what. Just wanted to infuse some good news on this board that is filled with doom.
the Dow is on track for its biggest one-day point gain ever. The record is a gain of 499.2 points, set on March 16, 2000.
[edit on 13-10-2008 by tide88]
[edit on 13-10-2008 by tide88]