http://disqus.com/people/65070987cd149dbda6ca73dc77d025cd/enTue, 14 Oct 2008 17:14:16 -0000http://openmarket.disqus.com/it_wasn8217t_bailout_that_caused_monday8217s_market_surge_8212_3_other_factors/#comment-3052111Or 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.<br><br>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.EricTue, 14 Oct 2008 17:14:16 -0000