The Markets Stabilize?, Ctd.

More

A reader writes:

I am a retired Wall Street Advisor and have been with one of the largest banks mentioned in the news for sixteen years.

The bounce that you see today in the market should be attributed to:

1- "Dead Cat Bounce"- After a big daily decline, there is always a reflexive uptick generated by "short Covering" and "buy on the dip "investors.

2- "talk of Optimism"- The news media this morning is talking about another shot at a bailout, albeit a smaller one. Also, do not forget that market does not have all its participants at "at the table". One thousand financial related shares can not be sold short, yet.

Jump to comments

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

Get Today's Top Stories in Your Inbox (preview)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down