Quote:
Originally Posted by arsenal
So the recovery on the market today is what?
People just buying up cheap stock of companies which fell yesterday?
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From what I read,
speculation that the Feds will keep on working on the bill.
I mean, you look at a stock like BAC and JPM (stocks that I would personally like to buy) and both of them are probably some of the bigger players in this whole bailout thing; both of these guys just acquired a huge amount of debt and assets, and speculators are gambling what both of these guys are worth based on whether their acquired debts get bailed out.
Part of me wants to see this bailout not go through just so the market can be properly corrected, and the stock market can return to its original purpose - buying stocks based upon its value rather then day trading. But, we just can't afford to have credit freeze as the economy would come to a grinding halt.
As pointed out earlier somewhere here, the internet has really ruined the stock market and turned it into a day-trading or hour-trading game. I believe companies release their financial reports quarterly, ie. quarterly reports, that should probably give some sort of measure of how often a stock should be traded - quarterly. I really wish there was some way that they could limit the volume of stocks being traded per-day or per-week or even per-month so we can just put a nail into the coffin of this speculation trading frenzy.