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Dow Climbs +850. Largest one-day gain in 21 years!

bloomberg.com — Stocks rallied worldwide, with the Standard & Poor's 500 Index rebounding from its worst week since 1933.

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  • skmckinny, on 10/13/2008, -0/+19+963.34
  • diggerhater, on 10/13/2008, -3/+14Ok.... where are all the sky is falling digger's now?
    • keymanjim3, on 10/13/2008, -1/+12The sky crushed them, duh.
    • Tommyhawk, on 10/13/2008, -0/+4All it took was a $700 billion dollar mortgage bailout and $900 billion of liquidity injected by the Federal Reserve. We should do that every week the Dow would be at 25,000,000 in no time!
    • algaeturd, on 10/14/2008, -3/+1You should change your name from 'digghater' to 'diggidiot.'
      You think that ONE ***** DECENT day in trading makes up for the trillions of retirement funds lost in the past 10 days?
      Jesus Christ...no wonder this country is sinking. People like you think that the inevitable could never happen.
      "YAY! We're back! More credit! I'm going to buy a house! A car! No money down!"
      The problems that caused this collapse are still there and one single day does NOT a sound market make. Go ahead and buy stocks now if you're so confident.
      But what kind of ***** ***** would get on here and try to be cocky and confident and smart assed about the economy? When this thing goes down, we all go down together. Just shows what smug prick you are to get on here and try to suggest that you were perhaps right...you didn't worry at all...you knew it would all blow over...and the rest were wrong.
      Well, get back with me in about 3 months and let's see how smug and sure you are. Oh, and again...buy a bunch of stocks tomorrow! Everything is looking up, right?
      Put your money where your mouth is.
      • uppitydiggers, on 10/14/2008, -0/+2"Go ahead and buy stocks now if you're so confident."

        That's what you should be doing. Buying through the decline lowers your cost basis and thus helps you get back to even that much quicker.
  • networkingisfun, on 10/13/2008, -2/+7*****. I really wanted to see what martial law would be like.
  • BullSenor, on 10/13/2008, -0/+7I better go fill up before gas prices start rising again.
  • GeorgeFord, on 10/13/2008, -0/+5Rats. I never got around to working up a good panic.

  • projectI, on 10/13/2008, -2/+2So?
  • COINTELPROAgent, on 10/13/2008, -0/+6This just proves that teh bailout didn't work yo.
  • sexydarin, on 10/14/2008, -2/+3Can you spell SUCKERS RALLY children. I knew you could.
  • cyberdork, on 10/14/2008, -0/+2Let's see what the TED spread is doing today. Yesterday the bond market was closed and as of now it has fallen from 4.64% on Friday to 4.55%. It used to be around 0.5% and only last year when the first banks failed it started to move between 1-2%. Then last week it got very close to 5%.
    http://www.bloomberg.com/apps/cbuilder?ticker1=.TE ...

    The TED spread is the best indicator to see if banks start lending to each other again and if the crisis in the financial sector has really bottomed last Friday.

    If you understand anything of this crisis you would know that yesterdays rally was completely meaningless.
  • algaeturd, on 10/14/2008, -3/+1Wow. This is like an episode of South Park in here.
    Like the episode where poor and middle class taxpayers bail out Wall Street billionaires, fear for their homes, savings, retirement and jobs and THEN a week later when the market finally recovers a tiny portion of it's losses, all the idiots who are actually PAYING the billionaires bailout on Wall Street gather in a thread on Digg.com and start rallying, 'USA! USA! We kicked that economy's ASS! Hell, yeah! We showed that economy that these colors don't run! who's running now! Where's the sky falling now, mr. educated economist!!! WE showed you!"
    Yeah. The market had a decent day. And there's nothing wrong with that. In fact, it'll help recover a tiny portion of the TRILLIONS that Americans lost last week.
    But the foundation/backbone that caused this meltdown has not been addressed yet. Maybe you don't know anything about what caused it but you should look it up. It's still 100% unaddressed and the Feds are still running things with a printing press.
  • JonathanO, on 10/14/2008, -0/+0In response to Algaeturd's very erudite response, I wanted to post a link to a brief summary of what has been happening in the financial sector from my blog: http://blog.emerginvest.com/?p=35. Hope its a bit informative.

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