Dow soars 423 points on economic news

[tombogan03884]

http://news.yahoo.com/stock-futures-signal-retreat-equities-084716820.html

Wild week on Wall Street ends with subdued gains   WTF  

NEW YORK (Reuters) - After one of the most volatile weeks in memory, U.S. stocks ended higher on Friday in a tentative sign that the worst of the selling may be over.

Volume was much lighter than on any other day of the week and intraday swings were far less violent than in previous days. Both signs suggested a drop in investor anxiety.

Still, the market was down for the week and posted its worst three-week decline since March 2009 when it hit 12-year lows.

About 9 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, sharply lower than the daily average of nearly 16 billion shares traded earlier this week. It was the busiest week in terms of volume since October 2008.

"Today's slowdown in volume is clearly indicative of people getting a little bit more comfortable about where the market is," said Ken Polcari, managing director at ICAP Equities in New York.

Blue-chips garnered more attention from investors looking for relative safety in the equity market. Boeing gained 4.9 percent to $61.75, leading the Dow industrials.

The hope among investors is stocks are in the process of exhausting the selling and will stabilize at current levels and eventually resume an upward trend.

"Before moving higher the market needs to do some repair work and needs to build a base, and that's what we're doing right now," Polcari said.

Analysts at Bank of America/Merrill Lynch said in a note the U.S. equities market is already fairly priced for a recession. This suggests any indication to even sluggish growth could boost stocks.

U.S. markets got support on Friday from a 3.6 percent rise in European shares. A short-selling ban on financial shares by France, Italy, Spain and Belgium eased fears over recent sharp declines.

U.S. retail sales posted the biggest gains in four months in July, which also boosted buying.

The Dow Jones industrial average gained 125.71 points, or 1.13 percent, to 11,269.02. The Standard & Poor's 500 Index added 6.17 points, or 0.53 percent, to 1,178.81. The Nasdaq Composite Index rose 15.30 points, or 0.61 percent, to 2,507.98.

It was the first two-day rally on the S&P 500 since July 21-22.

For the week, the Dow fell 1.5 percent and the Nasdaq lost 1 percent. The S&P 500 fell on 11 of the past 15 days, dropping 12.4 percent in three weeks.

The recent declines reflect softening U.S. and global economic data and a market perception that government leaders in Europe and the United States were running out of options to help their sputtering economies. The downgrade of the United States' credit rating by Standard & Poor's a week ago exacerbated those views.

A report on Friday showed U.S. consumer sentiment fell in early August to the lowest level in more than three decades.

Among individual stocks, Nvidia Corp shed 4 percent to $12.88, giving back sharp gains. Late Thursday, it forecast a larger-than-expected jump in revenue but some analysts were surprised with the lack of growth in one of its much-touted processors.

Retailer Dillard's Inc slumped 18.2 percent to $41.51 after it posted quarterly profits below estimates.

Advancers beat decliners on the New York Stock Exchange by about nine-to-five, while on the Nasdaq 1,320 issues advanced and 1,239 fell.

(Reporting by Rodrigo Campos; Editing by Kenneth Barry)

Subdued gains seems to be Orwellian  bullsh!t for LOSSES,  "US retail numbers" in 3 or 4 months those will be revised downward like I posted earlier.
Our country is screwed and the current regime is actively working against recovery while lying about the situation.

[david86440]

Listening to the stock jockeys today anyone would think that all is well in the world. What a difference (2) days make.

[Badgersmilk]

Press blowing these losses and gains out of proportion is what causes them to snow ball each day.  I think (and have successfully had money riding on this for a long time) all your seeing right now is nervous people shifting their money around.  Not pulling out, just shifting it around all over the place because the grass is always greener!  High risk high yield / low risk low yield.  I've got one...  And the press is going CRAZY today!   I'd better hurry up and swap to the other!   

[Solus]

There are those withing the investment hierarchy who have the ability to strongly influence the market and I believe they have adapted the motto of "Let No Crisis Go To Waste"

They can use their influence to have associates buy enough of a certain stock or segment to cause a rise in the stock price.  They then have the influence to emphasize and publicize that rise to influence a mass following to made the same buys.

Then when the price has risen nicely, they and their associates, who got in at the lowest price, sell out at the top causing a drop which is pushed to the masses and that stock or segment dives.  Repeat often.

A nice crisis situation makes leading the masses that much easier.    

[tombogan03884]

Not going to argue with either of you.
I don't know enough about how the market works.
But I can do simple math and when they lose 500+ points one day, rise 400+ the next day, lose 600+ rise 400+, those are not gains, it's a 300 point net loss.
That's your money evaporating.

[Sponsor]

[Timothy]

I'm with you Tom..

When I set up my 401K (now gone), I threw darts at the mutual funds and that's how they were chosen.  All in all, I made money but that is now water under the bridge.  My current employer has one, doesn't match anything and I wouldn't trust the putz to manage it properly anyway!

[Solus]

Not going to argue with either of you.
I don't know enough about how the market works.
But I can do simple math and when they lose 500+ points one day, rise 400+ the next day, lose 600+ rise 400+, those are not gains, it's a 300 point net loss.
That's your money evaporating.

Noting I said is counter to what you say...  

My point is that the rise and fall can be the result of deliberate actions of influential actors in the market to nudge the repeated rise and fall of stocks to make a buy low/sell high profit cycle.

The result is that if you are not among the "in crowd" you can only ride the waves or try to chase them...but you have to spend your days watching stock tickers with your finger on a buy or sell button.

I'm not an expert by any means...but I do think I am qualified to give you Step One on  how to make a small fortune in the stock market.


1.  Start with one large fortune.



 

[tombogan03884]

Not going to argue   debate with either of you.
I don't know enough about how the market works.
But I can do simple math and when they lose 500+ points one day, rise 400+ the next day, lose 600+ rise 400+, those are not gains, it's a 300 point net loss.
That's your money evaporating.

I broke my own rule about using the correct word for exactly what I meant, instead of one sort of like it. 

[Badgersmilk]

There are precious few people in the world who've really figured out all the tricks to the market.  And they've probably already cashed in and moved to their private tropical islands.  Sipping margaritas on the beach while a half dozen naked native girls "tend" their every need...  Well, that's what I think of when I make a few more pennies I didn't have before!  

OR, they buy themselves a US President.  And use their little fist puppet to destroy the lives of every working american.