Dow Jone Soar 400+ point with positive fed help
The Dow Jones Industrial Average rose 416.66 points, the S &PÂ index soared 47.28 points and the Nasdaq Composite Index rose 86.42 points.
The FedÂ today acted in a creative effort aimed at thawing the ongoing credit freeze that ails the economy — a smart move that was greeted with a great enthusiasm by the Wall Street investors. The US stock market performed and closed with its best single-day point gain since July 2002, as the financials led a huge 416-point surge on the Dow.
Even before the Fed’s new plan to inject more than $200 billion into the financial markets was revealed this morning, the market appeared poised for a bounce back due to short covering. Few could have anticipated the move would have been this big, however. The bears have dominated the tug-of-war in recent days, as the Dow had lost more than 900 points in an eight-day span prior to today.
Do not be fool by this sucker rally. Dont forget we are still in a bear market, as the move by the Fed today is a great put buying opportunity, as well as a chance for you to exit your falling positions.
Keep shorting the financial on great news like this.
To your continual success!
About Andy Huang
Andy Huang brings years of results-driven technology marketing expertise to the position as Speaker, Coach, Trainer, Analytic & Google Partner. He has the innate ability to combine traditional and cutting edge marketing methods to quickly grow brand awareness and increase market share across 197 verticals and over 300+ clients. One was acquired in 2015 for $37 Billion, another in 2013 for $1.1 Billion both Nasdaq listed. With extensive experience in revenue driven servicing His aggressive implementation of these strategic proactive revenue planning & marketing efforts rapidly impact all of clients business’s bottom line.
Now with business blogging on the internet, Andy Huang will share with you some of his most successful business resource and strategies to help fuel your success online!