Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Monday's Dow Pow!


Strengthen your portfolio in good times and bad.

Today was the biggest point gain ever for the Dow Industrials and the largest percentage gain for the S&P 500 since 1933, according to Bloomberg. Government plans to buy stakes in banks and a push by the Federal Reserve for central banks to flood the financial system with dollars helped spark the rally.

The Dow Jones Industrial Average added 936 points, or 11.08%, to 9387, and the S&P 500 added 104 points, or 11.58% to 1003. For the S&P, today's gain halts an eight-day losing streak which was its longest since 1996.

See Professor Bennet Sedacca's piece today, Traders' Paradise, But Investors Beware.

From the Bull Pen: The rally could play out for some time. But today's huge move could result in a pullback tomorrow. Bulls looking for a quick trade could consider starting Goldman Sachs (GS) back near $105 or $100.

From the Bear Cave: The vicious rally finally came and we've mentioned more than once that the biggest rallies have historically occurred in the context of a bear market. That said, a stock like Google (GOOG) could reach as high as $430-450, at which time bears could consider starting a downside position.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos