Comments on: Is This Rally Real?

By: Is S&P 500 Recent Rally Real?

Is S&P 500 Recent Rally Real? — Sun, 29 Mar 2009 19:01:06 +0000

[...] doing on Twitter Thanks for stopping by!Last weekend, I shared a video from INO which examined the rally of the Dow Jones Industrial Average occurred in the past couple of weeks and concluded that it was just a temporary bounce in a down [...]

By: Tim

Tim — Mon, 23 Mar 2009 22:10:45 +0000

i’m not so sure it was geithner’s plan, as much as the increase in existing home sales numbers. the govt still has to get private investors locked in, and i will tell you i sure the heck wouldn’t want to invest if there is a repeat of last week. moreover, don’t forget, obama has included capital gains tax hike by 2011, which people seem to forget about. so another problem i see here is that if private capital comes in, we will see a sell off before the projected tax hikes. i think the only way private investors are going to come in is if they can make a very quick buck on it and then flee from it because out of fear congress and admin will retroactively change the terms and/or fear of higher taxation on capital gains.

By: Sun

Sun — Mon, 23 Mar 2009 21:01:47 +0000

It looks like this time investors like Geithner’s plan better than last time when he spoke (last time the Dow as down 380 points, today up nearly 500 points). But still more time is needed to see whether this is a bottom or not.

By: Super Saver

Super Saver — Sun, 22 Mar 2009 04:15:19 +0000

I agree that this rally is temporary. If it didn’t end last Friday, it surely will after Secretary Geithner shares the Treasury’s toxic asset purchase plan. After Congress has villified AIG, I don’t think many private investors will participate in any government subsidized plan to purchase toxic assets.

By: Tim

Tim — Sun, 22 Mar 2009 00:28:37 +0000

it’s temporary. we have some wild swings coming up through the summer. don’t see anything really stabilizing until late 09 early 10

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Sat, 21 Mar 2009 22:26:31 +0000

Is This Rally Real?: Since closing at 6,547.05 on March 9th, the Dow Jones Industrial Average gained back more t.. http://tinyurl.com/c824yb

By: Topics about Banking » Is This Rally Real?

Topics about Banking » Is This Rally Real? — Sat, 21 Mar 2009 17:44:12 +0000

[...] The Sun’s Financial Diary put an intriguing blog post on Is This Rally Real?Here’s a quick excerptSince closing at 6,547.05 on March 9th, the Dow Jones Industrial Average gained back more than 11% in the past 9 trading sessions to recoup some of the losses. The rally was partly fueled by financial stocks after two of the nation’s three largest banks, Bank of America (BAC) and Citigroup (C), made bullish comments on their first quarter profit. Both BAC and C surged after reaching all time lows on March 5th, gaining 97% and 135%, respectively. But is this rally real? Or just a temporary boun [...]