Dow posts best monthly gain in more than six years

**min0 lee** · 03-31-2009, 02:52 PM

Much to the dismay of some.....we we are supposed to fail dammit!
Dow posts best monthly gain in more than six years

THE ASSOCIATED PRESS
Tuesday, March 31st 2009, 4:39 PM
The month of March marks the best monthly gain - 7.7 percent - for the Dow in more than six years, according to MarketWatch. These gains follow six straight months of declines.
On Tuesday, the Dow and the S&P closed up one percent, the Nasdaq up two percent. For the month, the S&P rose 8.5 percent and the Nasdaq 10.9 percent, and also enjoyed their best monthly gains since 2002, MarketWatch reported.
Wall Street is finishing a tumultuous month on a high note as investors load up on technology and financial shares on the last day of the quarter.
Stocks are ending off their highs of the day but managed to extend a three-week rally that has brought the Dow up since hitting 12-year lows in early March.
Some gains in the financial sector are likely due to short-covering, or buying stocks to cover bets that shares would fall. This has played a large role in the surge in bank stocks over the past few weeks.

**min0 lee** · 03-31-2009, 02:53 PM

**Big Smoothy** · 03-31-2009, 08:16 PM

Originally Posted by min0 lee

Much to the dismay of some.....we we are supposed to fail dammit!
Dow posts best monthly gain in more than six years

What does it mean? We don't know.

We have to wait and see. Markets aside, things will get worse before they get better at this point.

**lnvanry** · 03-31-2009, 09:47 PM

considering the DJI still down 13% on the year and down 40% from 2 years ago, I'd hardly call this anything to get excited about...THis month was such a large % gain, because the DJI hasn't been this low since 1997.

The good news, isn't really that good. Its comparing % today with % tomorrow, but neglects to incorporate the gross numbers. Its a logical fallacy that is positioned in most standardized college/graduate exams.

The article is pure PR IMHO...don't mean to rain your parade Min0, but there is very little reason to share the article's optimistic tone.

**min0 lee** · 04-01-2009, 02:47 PM

Just reporting the news.

**bio-chem** · 04-01-2009, 04:54 PM

Originally Posted by min0 lee

Just reporting the news.

minO lee, IM's very own news bot

**Prince** · 04-01-2009, 04:59 PM

Originally Posted by lnvanry

considering the DJI still down 13% on the year and down 40% from 2 years ago, I'd hardly call this anything to get excited about...THis month was such a large % gain, because the DJI hasn't been this low since 1997.

The good news, isn't really that good. Its comparing % today with % tomorrow, but neglects to incorporate the gross numbers. Its a logical fallacy that is positioned in most standardized college/graduate exams.

The article is pure PR IMHO...don't mean to rain your parade Min0, but there is very little reason to share the article's optimistic tone.

true, but its still something to be POSITIVE about for fucks sake.

**lnvanry** · 04-01-2009, 06:39 PM

sorry, maybe I could have expressed my point with less cynicism.

**Big Smoothy** · 04-02-2009, 01:11 AM

The job loss numbers for March came out last night.

Ugly number. Big, bad, and ugly numbers.

And it will get worse.

As for the markets (which is the topic of this thread) people can make money during these times.

In the Great Depression some people made lots of good gain, not only in markets but elsewhere.

**lnvanry** · 04-02-2009, 05:37 PM

Originally Posted by Prince

true, but its still something to be POSITIVE about for fucks sake.

Looks like the cynicism was appropriate still

U.S. sees more job losses, factory contraction slows | Reuters

I'm thinking the common folk will feel the upside late 2010

**min0 lee** · 04-02-2009, 05:46 PM

Dow climbs above 8,000 for the first time in nearly 2 months
The stock market recovery continued Thursday with the Dow topping 8,000 for the first time since February 9.
The rally was boosted by the heads of state meeting at the G20 summit in London presenting a united front against economic crisis and the first better-than-expected economic news in many months.
"Everyone is in a buying mood," said Eric Ross, director of research at brokerage Canaccord Adams. "A lot of this is simply confidence."
Auto shares soared on news that the embattled car companies posted a surprise 25% boost in vehicle sales between February and March...........................

**Prince** · 04-02-2009, 07:07 PM

Originally Posted by lnvanry

Looks like the cynicism was appropriate still

U.S. sees more job losses, factory contraction slows | Reuters

I'm thinking the common folk will feel the upside late 2010

do you really think being cynical is productive?

and no it was not.

The stock market recovery continued Thursday with the Dow topping 8,000 for the first time since February 9.

**Big Smoothy** · 04-02-2009, 11:53 PM

What do the financial markets (DOW) hitting 8,000 mean?

Not much really.

Commercial real east is now falling fast, as predicted.

**lnvanry** · 04-03-2009, 06:19 AM

Originally Posted by Prince

do you really think being cynical is productive?

and no it was not.

meh, I'm a realist and pragmatic...which is productive. The cynicism, is just literary flair, but it doesn't take away from the premise and point I conveyed, that a DJI going a few a hundred points is no reason to be excited.

just sayin

**brogers** · 04-03-2009, 08:50 AM

Meanwhile we have 8.5% unemployment with 650,000+ losing jobs this past month.

Combine that with a planned doubling of the national debt because of TRILLION dollar deficits.

This is "CHANGE," no doubt.

**PainandGain** · 04-03-2009, 08:53 AM

Originally Posted by brogers

Meanwhile we have 8.5% unemployment with 650,000+ losing jobs this past month.

Combine that with a planned doubling of the national debt because of TRILLION dollar deficits.

This is "CHANGE," no doubt.

The country has been heading this way for the past 8 years.

**tallcall** · 04-03-2009, 10:46 AM

I voted for Anarchy!

**brogers** · 04-03-2009, 01:13 PM

Originally Posted by PainandGain

The country has been heading this way for the past 8 years.

The country has had large deficits the past few years. However, they are minuscule compared to what has been done this year. Bush is deficit hawk in comparison to Obama.

Even if George W. Bush had larger deficits more comparable to the current one, say 1 trillion dollars, that doesn't mean it is OK to continue those policies. The defense of "well George Bush did it!" is not a defense at all.

**lnvanry** · 04-03-2009, 02:24 PM

Originally Posted by brogers

The country has had large deficits the past few years. However, they are minuscule compared to what has been done this year. Bush is deficit hawk in comparison to Obama.

Even if George W. Bush had larger deficits more comparable to the current one, say 1 trillion dollars, that doesn't mean it is OK to continue those policies. The defense of "well George Bush did it!" is not a defense at all.

"Two wrongs don't make a right?"

-Homer Simpson

**Big Smoothy** · 04-03-2009, 09:02 PM

The DOW is not reflecting reality right now.

With the move to Market-to-Market, it's like called a turd a diamond. But in the end, it's still a turd.

Unemployment WILL hit 10% in a few months, IMO.

Thread: Dow posts best monthly gain in more than six years

Thread Tools

Display

Dow posts best monthly gain in more than six years

Similar Threads

Clean Bulk Recommended Weekly/Monthly Weight Gain

7,000 posts in 7 years

Highest Monthly Job Loss In 5 Years

18000 posts in four years and time to say goodbye

5 Years, No much gain, Can this be the reason?

Posting Permissions