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What explains the postive markets so far today

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:38 PM
Original message
What explains the postive markets so far today
Has Citi been taken over?
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Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:39 PM
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1. I'd guess bargain-seekers after the previous few days of negative markets. nt
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:40 PM
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2. 2 more trading days under chimpy?
Edited on Thu Jan-15-09 02:40 PM by tekisui
Are the markets closed on MLK Day? It may be a celebration.
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:40 PM
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3. Market's only up 9 points at 2:40
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:41 PM
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4. It's up 19 points, what are you talking about? n/t
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SheilaT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:41 PM
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5. It was actually down a fair amount
Edited on Thu Jan-15-09 02:56 PM by SheilaT
the first few hours of the day. The twenty-one and a half points it's up as I post this isn't impressive.

Here's a link to an earlier stock market thread on DU
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4834095

edited to add link
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 02:42 PM
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6. The markets were probably down to a technical point...
Probably a Ficonacci retracement. It's nothing substantial, just the computers kicking in with a buy signal.
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