LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.   Holiday Scheer! Exclusive Truthdig Gifts for the Holidays
December 3, 2009
Log in / Register

 Choose a size
Text Size

Most Read

Here We Go Again

Addicted to Nonsense

Kucinich on Obama's Escalation: Great Speech, Bad Policy

The Crushing Legacy of Bush and Cheney

Why They Hate Us, Part 2

Most Comments
Most Emailed

Reports

Ear to the Ground

A/V Booth

Arts & Culture

Digs
Financial Meltdown 101
Vetting Sarah Palin

Truthdig Bazaar more items

 
Ear to the Ground

Brokers Gone Wild: Market Closes Up

Email this item Email    Print this item Print   
Posted on Oct 16, 2008
commons.wikimedia.org

The Dow gained 401.35 points Thursday but had volatile swings through most of the day. Investors, The Wall Street Journal reports, are still trying to figure out what stage of suck the economy is in.


Wall Street Journal:

“Everyone is starting to change their [trading] models to figure out what stage of the recession we’re in,” said Anthony Conroy, head trader at BNY ConvergEx, a New York brokerage. “All the nervousness is breeding a lot of volatility. I’ve never seen swings like this,” including occasional triple-digit moves in the Dow in the course of a few minutes.

In the last 90 minutes of trade, the Dow soared nearly 480 points. Traders said the move was driven largely by an influx of buyers attracted by what they see as bargain-level stock prices after an historic slide in the market. But it remains unclear whether the market’s recent decline has been put to rest for good.

Read more

More Below the Ad

Advertisement


Elsewhere: .

Comments

Are you a Truthdig member yet? Login now, or register with Truthdig.

By Abu, October 17, 2008 at 12:18 pm #
(Unregistered commenter)

I dont believe of having a Stoc-MArket for a nation to prove it is Capitalist or Pro-democracy. Its a market based on fraud and its there to destroy people other than few CEOs. Remember the CEOs could never make 100/1000s of millions if there were no stock-market. Then they would have been paid from the company profit not from some papers. This situation will happen for ever if the paper market is there.

Report this

Add Your Comment

Posts by unregistered readers are moderated. Posts by members
are published immediately. Why wait? Register today!







Number of characters remaining: 4000

Notify you when others comment on this article?


Are you a human?
Retype the word you see here.


Please read and abide by our comment policy.
By submitting this comment, you agree to this site's terms and conditions.

 
 

 
Join the Liberal Blog Advertising Network
 
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
Copyright © 2009 Truthdig, L.L.C. All rights reserved.