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  • Eric

Eric

9 months ago

in It wasn’t bailout that caused Monday’s market surge — 3 other factors on OpenMarket.org
Or it might just be that the volatility index surged to an unprecedented 75, indicating a relief rally was imminent. Short term moves do not indicate very much and it will seen over the months and years whether or not any of the "necessary moves" had a positive impact.

If I've got my numbers correct, yesterday's rally was the fifth highest, percentage-wise in market history. Most of the higher percentage one-day rallies made their debut at the beginning of the great depression. Yesterday's move was not in good company.
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