Markets Try For Last-Minute Rally
With less than an hour left on a disastrous trading week, Wall Street is trying to mount a face-saving rally.
By about 3:20 p.m., the Dow was well up off its session lows, and flirted with rocketing toward even on the day before dropping back down to about 144 points down on the day.
Hey, it's the new normal.
And it was enough to spur cheering on the floor of the New York exchange.
The Nasdaq is doing the same but the S&P 500 is lagging behind.
-- Frank Ahrens
By
Frank Ahrens
|
October 10, 2008; 3:21 PM ET
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Posted by: John H. | October 10, 1908 3:28 PM | Report abuse
Bottom was 9:35 this morning. There will be sharp intraday turnaround, closing at least 300 points above today's open. Next week will see 10% gain in all indices.
Posted by: db | October 10, 2008 9:44 AM
Posted by: db | October 10, 1908 3:39 PM | Report abuse
Over the weekend Ft. Knox will be open to the public and you guys just take what you need. If you have a truck you can haul more. One load of gold per family. Vaults in NYC should open next week.
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Posted by: IV | October 10, 1908 3:48 PM | Report abuse
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Look at it this way - I can't believe we're going to get to buy these stocks so cheap.