Stocks Get Lift From Goldman, Wal-Mart

[metalman]

Stocks Get Lift From Goldman, Wal-Mart
November 13
By Lauren Villagran, AP Business Writer Stocks Lifted by Goldman Sachs' Good News on Subprime and Wal-Mart's

Strong Earnings Report NEW YORK (AP) -- Wall Street shot higher Tuesday, lifting the Dow Jones industrials nearly 320 points after reassuring news from Goldman Sachs Group Inc. and Wal-Mart Stores Inc. quelled some of the market's worst fears about the credit crisis and the economy. A plunge in the price of oil gave investors further incentive to buy.

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this has nothing to do with paulsonbank or chinamart. too violent. looks more like yet another short covering rally to me.

where's danny charts? he usually shows up to give us shit every time the market crashes up. stays scarce during 1000 point two week drops, tho.

[zoog]

Re: Stocks Get Lift From Goldman, Wal-Mart

Stocks Get Lift From Goldman, Wal-Mart
November 13
By Lauren Villagran, AP Business Writer Stocks Lifted by Goldman Sachs' Good News on Subprime and Wal-Mart's

Strong Earnings Report NEW YORK (AP) -- Wall Street shot higher Tuesday, lifting the Dow Jones industrials nearly 320 points after reassuring news from Goldman Sachs Group Inc. and Wal-Mart Stores Inc. quelled some of the market's worst fears about the credit crisis and the economy. A plunge in the price of oil gave investors further incentive to buy.

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this has nothing to do with paulsonbank or chinamart. too violent. looks more like yet another short covering rally to me.

where's danny charts? he usually shows up to give us shit every time the market crashes up. stays scarce during 1000 point two week drops, tho.

Looks like Minyanville says the same thing. Or maybe they came over and read your post on iTulip and figured you were right.;)

Market Recap: Shorts Cover, Tech Rallies, Dow Surges 300 Points


Aggressive short covering in conjunction with upcoming expiration helped major indexes surge the most in two months. The Dow Industrials added 319 points, or +2.46% to 13,307, the S&P 500 added +41 points, or +2.91% to 1481, and the Nasdaq Composite added +89 points, or 3.46% to 2673.