Relief Rally in Pictures

This, boys and girls, is what you call a relief rally in markets. There are some staggering numbers out there, especially from Germany, Hong Kong, and Brazil indices.

As I wrote in my weekend TheStreet column, this sort of move was more or less inevitable after the sorts of downbound moves we've seen, so long as nothing imploded over the weekend. It will give rise to non-stop cries of "the bottom is in", which I don't believe, but that's not the same thing as saying a) that markets were ever going to keep falling 30% a week, or b) that we couldn't have a darn impressive run here.

Comments

[mr.verymuch:]

can someone pls advise on when i should buy back SDS, DXD, FXP or SMN?

lol

2008 Oct 13 12:40 PM

[camp nassau:]

Please explain further....why are trailing stops a bad idea ?

2008 Oct 13 02:23 PM

[User 265729:]

Here's some new stocks to look for:

USG -- U.S. Government

UST -- U.S. Taxpayer (usually shorted)

2008 Oct 13 03:40 PM

[User 265729:]

Really Paul,

You are right. This rally is fueled at the expense of taxpayers around the globe to the tune of $3 trillion and counting...

Bubble has temporarily moved from Wall Street to Pennsylvania Avenue...

It will burst, sooner or later...

2008 Oct 13 03:43 PM