Wednesday, October 15, 2008
Highest One Day Gain
Sorry but I need to be real breif today. The SPX closed Monday with the highest ever one day gain of about 104 to end at 1003.35.
The gains were seen on the back of the Global bailouts of the Bank by various Governments (effectively renationalising them) and a huge amount of panic seen in the markets last week which led to huge oversold pressures.
As stated in my last post these markets have a mind of their own at the minute and are being driven by pure emotion. Lets see what they do for the rest of the week.
Until next time.
The gains were seen on the back of the Global bailouts of the Bank by various Governments (effectively renationalising them) and a huge amount of panic seen in the markets last week which led to huge oversold pressures.
As stated in my last post these markets have a mind of their own at the minute and are being driven by pure emotion. Lets see what they do for the rest of the week.
Until next time.
# posted by Paul @ 3:16 AM 
