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World markets starting to open... so far Australia up by 5%-6%.

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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 06:59 PM
Original message
World markets starting to open... so far Australia up by 5%-6%.
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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:02 PM
Response to Original message
1. DOW up 284 on the futures chart
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mwooldri Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:07 PM
Response to Reply #1
3. Aren't US markets closed Monday? nt
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:09 PM
Response to Reply #3
4. Yes but futures still trade
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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:09 PM
Response to Reply #3
5. Nope, they are open. Banks are closed. eom
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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:03 PM
Response to Original message
2. Dow futures +284
n/t
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TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:16 PM
Response to Original message
6. Just keep a balanced view of things.
Edited on Sun Oct-12-08 07:18 PM by TheWatcher
The Crisis we are in is not going to fixed by a huge up day in the Markets, or even a series of them in succession.

It is going to take several years for things to truly get better again.

There is going to be a severe recession no matter what, and people need to try and prepare for it and adapt to it. Simply wishing it isn't going to happen or that Obama will just fix everything is not realistic thinking.

With any luck an inflationary depression will be avoided.

This isn't going to be a short term event. The last thing you want is for another cycle of Fake Prosperity and Happy Days Are Here Again for a few years before the next Bubble Bursts and an even worse Crisis develops.

The Viscous Circle must be Broken.

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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:19 PM
Response to Reply #6
7. exactly
well said. :applause:
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