quote:

ORIGINAL: Vendaval

I think there is a middle ground, CL.  Neither being foolishly over-confident and throwing money away along with good sense nor being so fear-ridden that we all go hide in caves and abandoned missle silos.

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ORIGINAL: Vendaval

On the one hand I am sick of bailouts for big companies.  On the other hand I am glad to see improvement in the stock market.  Here is to hoping that investors and consumers get some of their confidence back.

"Dow ends up nearly 400 after bailout of Citigroup"

By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer – 19 mins ago 
"NEW YORK – Wall Street barreled higher Monday for the second straight session, this time in a relief rally over the government's plan to bail out Citigroup Inc. — a move it hopes will help quiet some of the uncertainty hounding the financial sector and the overall economy. The Dow Jones industrials soared nearly 400 points and the major indexes all jumped more than 4.5 percent.

The surge gave the market its first two-day advance since Oct. 30-31 and the Dow's biggest two-day percentage gain since October 1987; the 891-point rise over the two sessions also wiped out an 872-point plunge over the course of Wednesday and Thursday. Although investors sensed late last week that a rescue of Citigroup was forthcoming, investors nonetheless were heartened, even emboldened, by the U.S. government's decision late Sunday to invest $20 billion in Citigroup and guarantee $306 billion in risky assets."

http://news.yahoo.com/s/ap/20081124/ap_on_bi_st_ma_re/wall_street

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ORIGINAL: popeye1250

One thing is for sure, stocks are incredably cheap now!
They've been pounded into the ground for a long time.
Funny, when stocks are high no-one wants to sell, when stocks are low, no-one wants to buy!

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ORIGINAL: Termyn8or

Didn't Citi just borrow a whole lot of money off the Chinese a bit less than a year ago ?

T

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ORIGINAL: Owner59

"and yeah, this improvement in the stock market doesn't mean much.  "

Could you c-mail me off list with some stock tips?

No one else anywhere seems to know anything about the stock market........

quote:

ORIGINAL: Vendaval

On the one hand I am sick of bailouts for big companies.  On the other hand I am glad to see improvement in the stock market.  Here is to hoping that investors and consumers get some of their confidence back.

"Dow ends up nearly 400 after bailout of Citigroup"

By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer – 19 mins ago 
"NEW YORK – Wall Street barreled higher Monday for the second straight session, this time in a relief rally over the government's plan to bail out Citigroup Inc. — a move it hopes will help quiet some of the uncertainty hounding the financial sector and the overall economy. The Dow Jones industrials soared nearly 400 points and the major indexes all jumped more than 4.5 percent.

The surge gave the market its first two-day advance since Oct. 30-31 and the Dow's biggest two-day percentage gain since October 1987; the 891-point rise over the two sessions also wiped out an 872-point plunge over the course of Wednesday and Thursday. Although investors sensed late last week that a rescue of Citigroup was forthcoming, investors nonetheless were heartened, even emboldened, by the U.S. government's decision late Sunday to invest $20 billion in Citigroup and guarantee $306 billion in risky assets."

http://news.yahoo.com/s/ap/20081124/ap_on_bi_st_ma_re/wall_street

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ORIGINAL: TheUtopian

Heh.....This is the one sure way you can see that we're doomed as a society as long as the Wall Street/ The financier mentality--democrat or republican-- is allowed to maintain control over the direction/decision-making process.

Basically what Paulson/The treasury is saying  - We're only going to bail out parasites. In other words, if you produce food, clothing, shelter, automobiles, machine tools, etc, i.e. anything humanity needs to survive, you can go sit in a corner and put a gun in your mouth.

But then on the other hand he tells us - If you have toxic derivatives, structured investment vehicles, collateralized debt obligations, credit default swaps, etc, i.e. anything parasitical, come right over here son, let me put my arm around you, we'll take good care of you.....

Any part of the economy that's production based - We'll leave you to the full fury of the free market.

Any part of the economy that's parisitical in nature - We'll throw a warm blanket over you, rub your feet, and go get ya milk and cookies....

- R