Yeah, they should be even better. China's unemployment might go up though, since they're still acting like spoiled children with their economy. Time for them to grow up and act responsibly. We made their economy, we can destroy it just as fast.
All of the sudden the Santa Claus rally is back on track The daily movement is still huge, so I think the volatility isn't done yet and we will see more of it when the new year starts. Wouldn't be surprised to see us closing the year on higher note though after those relentless selling
We definitely helped build their economy but we are not the only ones that made their economy. A lot of countries order products from China and their own local population which is about 4-5 time the population of the US also contributes a lot to the Chinese economy. You have all of Europe,Middle east and Asia which order products from China. We also benefit hugely from products we ordered from China by cutting cost which means higher profit margins and higher profit margins mean higher earnings numbers for companies listed on Wall Street. Higher number also helped lower unemployment numbers in America. I reckon that as much as we have helped them they have also helped us and perhaps even more. Can’t forget how much money in US Bonds and US Treasuries they buy every month as well. Over the years they have also bought a lot of commodities and planes from US as well.
We could but I reckon this could be the end of the month/year window dressing. I reckon that most likely the FED intervened today. When ever you see this much gains and they continue to go up that means FED is most likely behind it.
haha, i was just about to bring this up in here now. it's worth noting that the largest single day "point" gain in the history of the DJ30 was +965 back in oct. of 2008 if my memory serves correct. (i'm going off of this by memory though! so nothing is confirmed here. ) i know for sure though that there has NEVER been a +1K up day (on a point basis) in the history of the DJ30 fwiw let's see how this closes out
The DOW was up 1K briefly, let's see how it closes Looks like we are well on track to have the largest single day point gain in history, but like Cy said percentage wise it isn't as impressive as the one in 2008
and there it is ... even though the gain is much smaller on a percentage basis than it was in 2008, still amazing to see 4 digits up there
just out of curiosity here, is there ever such a thing as a "limit up" in the market? like can the markets halt if it goes up too much? we know we have limits on the downside
