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  1. #1
    Join Date
    Nov 2001
    Posts
    1,262

    Question 2nd highest day on wallstreet?

    tonight i heard the TV say that there was heavy trading in wallstreet today that it was the 2nd highest gain ever?

    whats up with this could somone shed some light on it? as i only heard that part

    thanks, Zac

  2. #2
    488 on the Dow ... but sheesh ... still need more to recover from the last few weeks. Maybe they'll arrest some more CEOs and the trend will continue!

  3. #3
    Join Date
    Nov 2001
    Location
    Vancouver
    Posts
    2,416
    Given how far it has fallen, this is not exactly a big deal.

    These types of rallies happen in bear markets. The real problem is that no one, and I mean no one, can tell you with any certainty that any single point is "the" bottom.

    The problem is that you only know in hindsight what was... and only those that are quite nimble with their investments can afford speculate and bottom pick.

    People have been trying to pick the bottom all the way down from > 5000 Nasdaq points, after all.
    “Even those who arrange and design shrubberies are under
    considerable economic stress at this period in history.”

  4. #4
    Join Date
    Jul 2002
    Location
    Nyc
    Posts
    61
    my broker did me great. Turned 10 grand into 18. Im happy.
    DeathLorD
    Aimlayer6918
    Icq:77978393

  5. #5
    Join Date
    Jun 2000
    Location
    Wichita, Ks, USA
    Posts
    1,984
    my broker lost me 100k oh well crap happens.... hopefully the market rebounds soon so i can get the heck out of it.
    affordablecolo.com carrier grade colocation at a affordable price!
    Charles Baker - Company Operations
    1-866-316-HOST

  6. #6
    Join Date
    Feb 2002
    Location
    Australia
    Posts
    24,009
    It's all crap. It's the greatest pyramid scam ever known to humanity. The latest rise was just a "dead cat bounce". Take a dead cat and drop it from a great height and it will still bounce.
    AussieHost.com Aussie Bob, host since 2001
    Host Multiple Domains on Fast Australian Servers!!

  7. #7
    Join Date
    Oct 2001
    Location
    Ohio
    Posts
    8,299
    Yup the highest ever gain was 499 Points in the dow and that was during the dot com boom. March of 2000. It'll go back down, the gain was mainly due to the fact that the adelphia CEO was arrested. I don't think we hit bottom yet, probably around 6500-6800 is my prediction.

  8. #8
    Join Date
    Jul 2002
    Posts
    288
    Originally posted by Aussie Bob
    Take a dead cat and drop it from a great height and it will still bounce.
    Can I wager a bet on that? I'm thinking if you takea dead cat, drop it from a great height, it will go splat, and not bounce.


  9. #9
    Join Date
    Apr 2002
    Location
    Auckland - New Zealand
    Posts
    1,572
    Can I wager a bet on that? I'm thinking if you takea dead cat, drop it from a great height, it will go splat, and not bounce.


    Naaah, it will bounce - He said Dead, does depends upon how long it's been dead though lol


  10. #10
    Join Date
    Feb 2002
    Location
    Australia
    Posts
    24,009
    Originally posted by reseller


    Can I wager a bet on that? I'm thinking if you takea dead cat, drop it from a great height, it will go splat, and not bounce.

    a combination of splat and bounce. So, very much like the WORLD'S LARGEST PYRAMID SCAM.
    Last edited by Aussie Bob; 07-25-2002 at 06:50 AM.
    AussieHost.com Aussie Bob, host since 2001
    Host Multiple Domains on Fast Australian Servers!!

  11. #11
    Join Date
    Jul 2002
    Location
    USA
    Posts
    1,125
    up 488 yesterday, down 101 so far for today. LOL!

  12. #12
    Join Date
    Nov 2001
    Location
    Singapore
    Posts
    766
    Whenever will we start seeing a real rebound? My US$ is really worthless to me right now...

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