Dow Up 280!

[kork13]

I'm glad that the Fed decided to lead the charge and hit the market hard, buying up all this toxic debt. For better or worse, we can't take small, measured steps anymore. This economy is in such a bad shape that it needs a massive jolt, and this is exactly what the Fed brought to bear. It's do or die time, but at least the market is responding favorably to these actions.

personally, I think this should have been done in the beginning. forget just handing out boatloads of cash to the banks.... From my understanding, there was a limited precendent of this back in the 80's (Savings and Loan entities?), and this was one of the recommended courses of action back when TARP was first getting rammed through Congress. So I dunno.... I'm obviously not an expert in any of this, but just my opinion.

(My apologies to all if my comment here turns this thread into a politicized spectacle)

[gekkoplus]

I contributed in full force (25% of my paycheck) towards my 401K since the start of the year in an anticipation of recovery in later part of the year. I just turned down contribution to 10% after today's 7% jump.

[disneysteve]

I checked our numbers and we are up about $14,000 from 10 days ago, the last time I checked. What a difference a nice little rally can have. Let's hope it keeps up.

[red92s]

I checked our numbers and we are up about $14,000 from 10 days ago, the last time I checked. What a difference a nice little rally can have. Let's hope it keeps up.

My YTD losses are now only in the mid-3 figure range, but I'm a young investor. It sure is nice to see big jumps in portfolio value after gobbling up cheap shares.

[Broken Arrow]

Watch out for today. Looks like here comes the rebound dip....

[disneysteve]

Watch out for today. Looks like here comes the rebound dip....

I'd expect no less. I'm sure a lot of people made a lot of money yesterday and want to lock it in.

[Bernz]

Wow... my 401k plan was down 30% 16 days ago and as of today it's only down 9.7%. It was such a blessing that about 18 days ago I decided to switch back to stock funds on the thought that the stock market may have bottom out or at least closed to bottom. I took the risk as I did not want to miss the ride back. All I can say is so far so good.