Stocks Rally at Opening
Like bulls behind a gate snorting to escape, stocks roared out at the opening bell moments ago.
In the first few minutes of trading, the Dow is trading up 400 points, or more than 4 percent, and rising.
The S&P 500 and Nasdaq also are trading up more than 4 percent.
But is it a) sustainable and b) meaningful?
We won't know the answer to a) until today's close, but we can learn something about b) by watching volume throughout the day. If volume is light, it's mostly a symbolic rally. We'll keep an eye on it.
-- Frank Ahrens
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Posted by: observer23 | October 13, 2008 9:57 AM
Posted by: Night Mayor | October 13, 2008 10:31 AM
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