DOW up 500 points

aking · #1 03-23-2009

I've been hearing a lot of talk about the market improving. It seems as if the DOW has been going up and average of about 200-400 points daily (at least the days I look at it). DOW went up 500 points today! Have we reached the rock bottom and beginning to improve??

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Wall Street Surges on Bank Plan, Home Sales; Dow Up Nearly 500- AP
Wall Street got the news it wanted on the economy's biggest problems -- banks and housing -- and responded with a rally that hurtled the Dow Jones industrials up nearly 500 points. Investors added rocket fuel Monday to a two-week-old advance, cheering the government's plan to help banks remove bad assets from their books and also welcoming a report showing a surprising increase in home sales. Major stock indicators surged more than 6 percent, including the Dow.

**aspkin** · #2 03-23-2009

I think things started to bottom out about two weeks ago.. that's when I started buying BAC..

And it keeps getting better.

bobrob · #3 03-23-2009

This is a temporary improvement. This up wave will last about 2 months. Then it will hit low, lower than this time.