As I watch CNBC and Bloomberg, look at my online stock ticker and grab some podcasts, I keep hearing that today's stock rally has been about the new takeover news hitting the Street. But also, there is more and more news on the subprime meltdown. Everyone is "sue this person and that person and my clients" blah blah.
Hence I have come up with another theory on this sudden market surge. I noticed that over the past week or so since the subprime news broke that stocks have been flat or falling, but today it is a general surge across the board. There was other news about takeovers and mergers, like Cisco and Webex, last week, but no such surge.
Could it be todays upturn in trading is actually about the subprime investors who have go out of those stocks and are now having to rush back into the market, and this takeover news is what they zeroed in on?
2007-03-19 07:22:51 · 6 answers · asked by scryer_360 2 in Business & Finance ➔ Investing
over 4 billion shares in both nasdaq and nyse combines is NOT a light day. The subprime market did correct the entire market and it may be blown out of porpotion but when the market drops over 500 points in one day one takes notice. The fed metting will take notice starting tommorrow. However the foreign markets did help the US market today the mergers just put it in bull mode for the day. I see a flat market tommorrow to see what the feds do (at leats in the US Japan soared again today) then once the news breaks wedensday be ready.
2007-03-19 16:42:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Here's the thing. People who didn't understand the whole subprime thing with the help of the media got scared. Then once they figured out that it is all bull the market came back.
Mergers and such rarely really effect the market as a whole. As another said it has more to do with our market in relation to others in the world.
2007-03-19 07:51:34 · answer #2 · answered by jackson 7 · 1⤊ 0⤋
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2016-10-19 02:22:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think todays upturn is more about the rest of the world doing well last night. Our subprime lending troubles do not influence the rest of the world as much as some fear.
2007-03-19 07:28:10 · answer #4 · answered by gosh137 6 · 1⤊ 0⤋
Not sure could be but something tells me no. There is no volume in this market today, it is very light which is not a good sign. You want to go up on big volume not lower volume than normal.
2007-03-19 08:34:22 · answer #5 · answered by phantomtrader2 2 · 1⤊ 0⤋
Sorry 4 ya.
2007-03-19 07:26:26 · answer #6 · answered by SEXIK 1 · 0⤊ 0⤋