Collapse?

[Mr. P]

Is this what one looks like? Todays close. See all them '+' signs in there?
Who in their right mind would buy if there is an eminent collapse? Don't be too fast to answer that.

One thing I learned the hard way while trading options is...the big boys on wall street play everyone else like a violin.


Dow +485.21 +4.68% 10,850.66
NASDAQ +98.60 +4.97% 2,082.33
S&P +58.32 +5.27% 1,164.74
DJ Wilshire 5000 +537.30 +4.75% 11,860.06
Russell 2000 +21.86 +3.32% 679.58
Philadelphia Semiconductor +13.51 +4.61% 306.89
Dow Transports +112.12 +2.49% 4,616.01
Dow Utilities +4.82 +1.14% 428.45
NYSE Composite +328.91 +4.57% 7,532.92
AMEX Composite +27.97 +1.59% 1,786.89
Morningstar Index +136.97 +5.04% 2,856.67

[Abbey Marie]

Mr. P, I thought the exact thing when I heard today that Citigroup bought Wachovia. Why make such an enormous purchase if things are about to collapse? It was a little bit of comfort on a scary day.

[red states rule]

DOOOOOOOOOM AND GLOOOOOOOOOOM

OK, nevermind

Someone forgot to tell the bargin hunters; or maybe Obama went to Wall Street, raised his mighty hand, and blessed the investors

[stang56k]

Consolidation of power, perhaps?

[AFbombloader]

Consolidation of power, perhaps?

Capitolism, that is what it is. Pure and simple capitolism.

[red states rule]

Capitolism, that is what it is. Pure and simple capitolism.

You could here the doom and gloom libs uttering a collective "DAMN!" when the final bell rang on Wall St