The Dow rose 319.54, or 2.46 percent, to 13,307.09

[Zywiec]

Since no one ever posts when the DJIA is up, I thought I would post today's results.

Stocks Lifted by Goldman Sachs' Good News on Subprime and Wal-Mart's Strong Earnings Report

NEW YORK (AP) -- Wall Street shot higher Tuesday, lifting the Dow Jones industrials nearly 320 points after reassuring news from Goldman Sachs Group Inc. and Wal-Mart Stores Inc. quelled some of the market's worst fears about the credit crisis and the economy. A plunge in the price of oil gave investors further incentive to buy.

-snip

Meanwhile, Wal-Mart, the world's largest retailer, reported third-quarter profit surpassed projections and hinted that consumer spending might be stronger than anticipated this holiday shopping season. The results also showed that heavy discounting during the period did not hurt margins, which the company said bodes well for the fourth quarter.

A sharp pullback in energy prices also encouraged Wall Street. Oil prices plummeted after the International Energy Agency reduced its expectations for demand in the fourth quarter and next year and said crude supplies are growing. Light, sweet crude for December delivery fell $3.45 to settle at $91.17 a barrel on the New York Mercantile Exchange.

http://biz.yahoo.com/ap/071113/wall_street.html

[Junkdrawer]

1. APM's Marketplace called it a Dead Cat Bounce....

That's my guess...

[rfranklin]

3. These are not the actions of a healthy market...

Bouncing around like this is a precursor to much more negative movements.

[Jackpine Radical]

2. Very impressive performance.

Wanna bet it's still up there in 6 months?

[Zywiec]

4. I'm not retiring for 20 years

Wanna bet it's performing at least as well in 20 years?

[ThomWV]

5. Up 319 for the day but unfortunately its down 634 for the month ... so far.

Net change even after todays little up-blip is still a negative 634 points from November 1 until today's close.

[Zywiec]

6. Up almost 1400 points from a year ago. n/t

[Jackpine Radical]

7. If you had converted your stocks into Euros and buried the Euros in your back yard

on the day Clinton left office, and now dug them up & reconverted the Euros into $$, you would have beat the market. Controlled for REAL inflation (not the Gov't's funny numbers), the market has gained nothing at all.

[Zywiec]

8. "The market has gained nothing at all"

You're right, no one has made any money on the market.

[Jackpine Radical]

11. I assume that's intended sarcastically, since some have made a lot.

The oil companies, war industries, etc.

I'm talking about the overall performance of the Dow or S&P.

[ProudDad]

9. Bad news for the working person... (n/a)

[Double T]

10. LOGIC might tell YOU something is seriously WRONG..........

with our economy, despite the rantings of the business propaganda machine.

[alittlelark]

12. The choreographed death of our dollar as the world currency...

It has been propped up to look alive for far too long.

The last few scenes will be awkward.. the death scene possibly catastrophic, certainly tragic.

[razors edge]

13. Plunge protection team

back from vacation?