Oct6th - Dow jones -500 / -4.60% level 9865.00

[Myra]

Originally Posted by Steve_A

Hi ctophil,

This rise in the DOW and other main bourses is because the goerments hae just injected trillions of dollars to prop up failing banks and banking system, so for the short term there will naturally be a short term rise in the markets, as, in the short term, the banks situation is 'solved'. Everything that was lost over the last couple of weeks could make someone an awful lot of money, over the short period.

I posted in another thread what I thought about the possible repercussions of nationalizing banks: http://www.projectavalon.net/forum/s...ead.php?t=5195

Sorry to hear about your company.

Best regards,

Steve

Hi Steve, just wondering, do you think the rise in the Stock Market will only be temporary because of this? I'm asking because I don't know a lot about how the Stock Market works, I'm sure you know much more than me.