What??? Today: Dow +121.07, but S&P Futures +0.90

[mckara]

Wall Street better see a bailout or equities will join the frozen credit markets, and we'll see a crash on Monday morning. Our recession will become a DEPRESSION. The Republicans are playing with fire!

:patriot:

[Xipe Totec]

1. Wall Street is relieved that McCain has left Washington (n/t)

[demnan]

2. Investors perceive that Obama will win the election

n/t

[Warpy]

3. 90% of us are already seeing the beginning of Depression conditions

and a stock market dump won't mean a hell of a lot. What it will do is cause people who have 401K plans to think they're poorer all of a sudden and stop spending, even if they can afford it. That will cause a drying up of retail with lots of store closings and unemployment and that, my friends, is what a Depression is all about.

We're going to see it anyway, even if the stock market heads to the stratosphere (as likely as the Pope on a pogo stick) because people have taken on as much debt as they possibly can while being able to buy enough food to keep them alive.

The stock market is going to fall. It's overvalued and has been for a long time. Different people have different opnions on where the floor is. I think it's 7000. Someone a couple of nights ago pegged it at 8300 in a reply to one of my posts. It's just not worth 11,000.

Propping up the market is not going to make the economy any better although letting it fall will make the economy worse a little faster than it's already headed.

The only thing that will fix this economy is a return to a balance between the supply and demand sides. Substituting debt for wages has run its course. Only wages can rescue this economy.

[tridim]

4. I've long since given up predicting the DOW.

It's why I've have no money in the market since 2000.

The DOW moves on inside information that no average person is privy to. It's kind of like playing blackjack with a dealer who is allowed to choose the cards he gives you. The game simply isn't fair.

[prayin4rain]

5. throw in the derivatives market and it is nothing other than a crooked casino n/t