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Stocks are on pace to go up for the third consecutive day

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steelmania75 Donating Member (836 posts) Send PM | Profile | Ignore Thu Mar-12-09 02:40 PM
Original message
Stocks are on pace to go up for the third consecutive day
Does this mean things have/or started to bottom up?
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gcomeau Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 02:41 PM
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1. Shhh.
Someone posted that yesterday and the market promptly plummeted and almost ended negative. No jinxes! ;)
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 02:44 PM
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2. I guess that shoots the "Obama bad for market" meme...
Edited on Thu Mar-12-09 02:44 PM by rfranklin
But I'm sure they will find some way to circumnavigate the obvious logic.
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Uben Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 02:44 PM
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3. No.....
...it means we've had three straight days of increase....that's all. It could turn out to be the bottom but we still have the credit card defaults to go through and that's gonna be a big one, as well.
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mikeytherat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 02:48 PM
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4. Financial scumbag (today it is Bernie Madoff) pleads guilty, market up 3%
I know correlation is not necessarily causation, but I think this model merits further study.

mikey_the_rat
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