Why did stocks go up today?

I am pretty sure the rally we saw today *cough* bullshit, was due to the rumors circulating that mark to market account might be eased or suspended.

 

Haha thanks, been doing this for the past 6 months. Drawing trend lines is really hard, for some I guess

 

It's human nature and one of our biggest fallacies to try to connect news and the macroeconomic backdrop with daily stock gyrations.

 

That WOULD be good news...

 

Anything over 650-750k and will see a 2% or more drop in the markets.

 

I agree! Talks in Washington about the rescue plan, and banks potentially being abe to eliminate a key accounting rule looked to have eased demand for Yen.

 

However long this 7900-8000 level holds, WHEN it does break this minor support here, 7500 is going to come quick and 7000 even quicker.

 

I was thinking. That november and october will be worse than last november/october??

 

Just another squeeze.

 

I suspect the jobs numbers leaked out to the big boys yesterday and they're not as bad as people expected.