I don’t know much about financial markets, it’s not my field, but I was wondering how you all think the market will do tomorrow?
Will it stabilize somewhat, finish at about the same as today, shoot up, or completely collapse?
What’s your educated guess?
the sound you hear is the crash.
80 years ago executives jumped out of windows, now the middle-class will be jumping out of windows.
It will go down farther than it will come up….
Based on the fact that the market ended in the 600s, but settled out post-close at -778, it will likely start down and look for a reason – news regarding the bailout status – to rebound. It will likely make wild swings throughout the day based on the market’s perception of news snippets throughout the day
Markets like this are tough to read on a day or intraday basis, but there is plenty of stored energy for a big rally if/when the agreement is finalized.
Please note that no one jumped out of windows in 1929 – this is a myth. We are nowhere near the level of 29, as long as the Fed takes countermeasures to aid liquidity. We need the bailout for this purpose alone.