Dow index no longer over 9000;GM shares at 58-year low;WSJ:recession's here

[NJ5]

konnichiwa said:

NJ5 said:

DMeisterJ said:
Dow is up 938.39 points.

Back above 9k

Recession's gone?

lulz.

A few weeks ago everyone thought a crisis like this couldn't happen. What the stock market says is by no means definitive ;)

I wouldn't be surprised if all these gains were lost by the end of the week.

 

=p Their is nothing wrong with being optimistic. The way you think now is one of the reasons why so many people are taking their money from the banks and makes the financial crisis even worse;

 

I'll reserve my optimism for when the $62 trillion pyramid (it's a Ponzi scheme really) of credit default swaps is demolished. Until then, every bank is a candidate for bankruptcy.