Dow Jones up 11% in 2010

[Conan71]

Today is a great day to buy

I figure the market will bounce between 11K and 12K the rest of the year unless there's something cataclysmic like the '08 finance debacle.  I made out pretty good on that one in early '09.  Still wish I'd have followed my gut and bought 10K shares of DTAG when it bottomed out.

[RecycleMichael]

1,000 point drop in three days was brutal. At this point it is up 235 points in the first hour of trading.

Come on DOW. You can do it.

[Conan71]

1,000 point drop in three days was brutal. At this point it is up 235 points in the first hour of trading.

Come on DOW. You can do it.

Oh you mean the 1000 point drop Obama has presided over? 

[nathanm]

Today is a great day to buy

As long as the ECB keeps propping up half of Europe, anyway. I'm pretty pessimistic in the longer term. Deflationary fiscal policy will not get us out of a recession. It will only prolong the period of deleveraging. The markets got beaten back into reality last Friday when it finally became clear we're just going to sit on the sidelines and hope the economy fixes itself. This is why there was such a rush out of equity and into US Government debt.

Further action by the Fed and ECB may keep the indexes out of negative territory, but it's only prolonging the pain.

[Conan71]

This is why there was such a rush out of equity and into US Government debt.

Which makes the S & P downgrade somewhat ironic

[swake]

Which makes the S & P downgrade somewhat ironic

Somewhat?

It makes S&P look stupid.