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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Okay, NOW There's a Rally

The markets made a liar of me no sooner than I filed that last blog posting.

In the past 10 minutes, the Dow has staged what looks like a legit, if mild, rally and has been trading up more than 100 points, or more than 1 percent.

The S&P 500 is trading up nearly 2 percent and the Nasdaq is today's leader so far, trading up nearly 2.5 percent.

The current rally, however, does not make me a liar about all the things I said about the Economy Watch page hosting this blog. It's still cool. Check it out.

-- Frank Ahrens

By Frank Ahrens  |  October 16, 2008; 9:57 AM ET
Categories:  The Ticker  
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Next: Dow Takes Dive

Comments

Thanks for keeping the watch Post. I need to get on with my dull day here. Maybe she'll level out and fly steady all day. Keep your emotional control units handy. The worst is over, the worst is ahead. There's always work that needs done and it's never done, because it's always something. It will be fine. The other stuff will just be all-gone.

Good Luck Post.

Posted by: Beau James | October 16, 2008 10:25 AM | Report abuse

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