Monday, October 13, 2008

Dow Gains 936 Plus Points

The Dow shot up more than 936 points today after a historically down week. This smashed the previous one day gain record (499.19) by almost double. These massive gains in the Dow were shared with other indexes in the United States and around the world. Does this mean that we hit bottom last Friday; hopefully. Does this mean that we will not back off some from the highs of today; who knows. It is a bit disconcerting that I am more confident in the market swinging three digits from where it is now then in the direction it will go.

"Market Snapshot

DJIA 9,387.61 936.42 11.08%
Nasdaq 1,844.25 194.74 11.81%
S&P 500 1,003.35 104.13 11.58%

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