The DJIA Takes a big Jump this Morning

[MineralMan]

It seems that worries about Europe have eased, and the Dow jumped up over 200 points at the opening this morning, adding to the gains from yesterday and wiping out most of the losses from late last week.

That's encouraging, but the fragility of the market recently is not so encouraging. The problems in Europe continue, and a solution isn't clear. That, added to our own economic mess, doesn't support stability in the equities markets.

[MadHound]

1. The gyrations of the market are only vaguely related to the health of our economy

There is no decision yet as to whether or not Greece will get a bail-out. Our own economy is still in the pit. This upswing could simply reflect the perception of a buying opportunity, or the fact that there was a big party last night, who knows.

I learned long ago not to put too much faith, or read too much, into the daily swings of the markets. If there is a trend, then yes, there is something afoot. But from one day, or even one week to the next, not so much.

[MineralMan]

4. You're absolutely right. Still, the market is a real mood-changer

on a daily and weekly basis. I only watch it to track that, so I can get some hints to how people are going to feel about things. I have nothing invested in equities.

[MadHound]

5. I don't even think that it has that much relation to the mood of the people,

After all, this is the same market that rewards corporations for firing thousands of people. The same market that continues to hold relatively steady while our economy tanks.

Yes, it probably does, to some extent, reflect the mood of the investing class, a small group of people. But the public at large, not so much:shrug:

[MineralMan]

8. The mood of the investing class is what I'm talking about.

Their mood affects a lot...sadly.

[Jackpine Radical]

7. Regardless of whether it's moving up or down at any given moment,

I think the volatility--the range and frequency of those upswings and plunges--is what really matters. We are in a very volatile, unstable period. Disequilibrium reigns as the market behaves like a chaotic system.

[Javaman]

2. I don't think the problems with Greese are over.

I still think they are walking a fine line of denial in Europe.

[SpiralHawk]

3. "New moon in Libra, of course." - Ronald Reagan's Dead Psychic Republicon Astrologer*

* Courageously channeled from the Psychic Underworld of Republicon Occultism by the Intrepid & Dashing SH

[rdking647]

6. i bought last week..

im selling this week..
sold EEM and AZSEY,have orders in to sell EWY. sold some calls against CE and MSFT. covered the short AAPL puts i sold yesterday. still underwater on the gold i bought last week.

[Angry Dragon]

9. If I have enough money I can make the market jump however I want

[MineralMan]

10. Few people are in that position. It is usually institutional

and corporate investors who make stuff like that happen, not individuals.

[Angry Dragon]

11. It only takes a few

Hunt brothers with silver

The kock brothers don't have enough money??
All it takes is one

[Fuddnik]

12. There's a few bucks left to wring out of more suckers.

[MilesColtrane]

13. I wouldn't consider a 2% increase a big jump,...

considering the size of recent fluctuations.