It’s been a roller coaster. Most people are selling off on fear and some are buying on fear. Yesterday, the DOW lost 777 points, which was its biggest single-day points loss in history.
No surprise to most, the DOW rebounded today and scooped back 485 points. Expect more up and down action as many feel the market hasn’t hit the bottom yet.
And our politicians can’t seem to stop playing politics for two minutes and actually work on the issues at hand.
Most of today’s rebound is undoubtedly due to the feelings of most that lawmakers will indeed get a deal done soon—this week most likely.
In other news, oil prices saw a slight regain to just over $100 a barrel ($100.64 for light, sweet crude). It’s still lower than it was just eight days ago.
The big question that remains is “how soon?” for the market to react to the bailout when it happens. Most seem to feel that we’ll see an immediate, initial bounce, but that it will take a little time to realize a solid upturn.
My name is Jason A. Martin. I'm an investor/trader and financial writer. This is my blog. I also run a site dedicated to currency trading at CapitalistNation.com. If you'd like to follow me on twitter, here's the link: Jason A. Martin If you need financial content (articles, newsletters, eBooks, etc) for your site, publication and/or business, go to FinancialWriter.org (my service) for more details.
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My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know. I also run a currency trading blog over at CapitalistNation.com.
Jason
One Comment
Hi,
I am Nancy Wilson, a webmaster of some quality and informative financial websites (on Debt, mortgage and other finance related topics) having good PR, internet presence and traffic. My sites are doing fine in major search engines. I come to know your email address through one of the blog comments made by you. As we are from the same industry so I would like to exchange links with your valuable site.
I can give you link from good quality content pages and also from good PR pages.
We are doing three way linking (not two way). So if you are interested then please let me know.
I will add your link within hours.
Looking forward to hear from you soon and to a great business relationship. By the way I am also available in gtalk also with this mail id. Plz come over there for free chating.
Have a nice day.
Regards,
Nancy
Nancysix00
3/22/2009
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