I would like to remind everybody...

[tmosley]

I would like to remind everybody that might be having doubts, or think that our problems are behind us that this rally on the DOW today followed the EXACT SAME trend as the 1929 crash, except that the crash happened over two days that time. The DOW dropped 12.82 percent on 10-28-1929, and dropped 11.73% on 10-29-1929 before making a 12.34% gain on 10-30-1929. http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average

This volatility is a sign of things to come.

Prepare.

 

[tmosley]

bump, lest we fail to learn from our history, and be doomed to repeat it.

 

[pacelli]

Often the S&P 500 is ignored but is more representative of the current state of the economy because while the DOW consists of 30 companies, the S&P 500 consists of 500 companies spread across various sectors of the economy.

The problem is that people don't know how to interpret the numbers of the S&P 500, because the media has conditioned us to focus only on the DJIA. So why not convert the S&P 500 to a number that is understandable, such as the DJIA? The answer is simple.

According to Bob Chapman, the International Forecaster, you can convert the daily S&P 500 rise and fall into the same scale as the DJIA by doing the following:

Multiply the amount that the S&P is up or down by 9. Your result will resemble the "points" of the DJIA.


The volatility in the DJIA you mentioned in your post is being seen in the S&P 500 right now. There is a legitimate cause for concern.

 

[risk_reward]

Often the S&P 500 is ignored but is more representative of the current state of the economy because while the DOW consists of 30 companies, the S&P 500 consists of 500 companies spread across various sectors of the economy.

The problem is that people don't know how to interpret the numbers of the S&P 500, because the media has conditioned us to focus only on the DJIA. So why not convert the S&P 500 to a number that is understandable, such as the DJIA? The answer is simple.

According to Bob Chapman, the International Forecaster, you can convert the daily S&P 500 rise and fall into the same scale as the DJIA by doing the following:

Multiply the amount that the S&P is up or down by 9. Your result will resemble the "points" of the DJIA.


The volatility in the DJIA you mentioned in your post is being seen in the S&P 500 right now. There is a legitimate cause for concern.

Just look at the percentage change. Looking at the point change is just silly.

 

[Knighted]

I would like to remind everybody that might be having doubts, or think that our problems are behind us that this rally on the DOW today followed the EXACT SAME trend as the 1929 crash, except that the crash happened over two days that time.

No doubt about it, the problems are not behind us. But large point drops and rises are common in a volatile market. That alone does not indicate the end of the world, nor the salvation of the world. It's normal for falls to be offset with rises. What was really the anomaly was the 8 straight day consecutive decline last week without any short term rises.

It's been a while since I looked, but check on the point fluctuations around Sept 11th. They were very large as I recall. A year and a half later and the market began rebounding strongly.

 

[Pauls' Revere]

Although I see it as a positive sign I'm not impressed. I remind myself of what it has taken and what has been done just to get to this point. No I'm not excited, I se it as a huge market manipulation trying to achieve something to the effect that happened today. Finally it happened after the smoke clears a bit and more promises of unlimited lending. I wonder where that will lead us?