I guess Hanks, 14,000 is still a long gone artificially dreamscape.
The NY exchange isn't over 9000 yet, right? Didn't think so.
I was wondering how much of 'hit (as in damage)' the entire dynamics of global exchanges took. I haven't had a chance to do a very rough guesstimate to the sustained losses of all exchanges over the past year. Someone needs to do that. There are plenty of financial experts across the media spectrum. I would advocate every one of them to perform their OWN assessment of the Paulson tumble after achieving an artifical 14,000.
What is troubling to me, is that so much of the 'appearance' of improvement can be masked by a 24 hour market loop the size of the circumference of Earth, especially when improvements are relatively small increments (easily within a margin of error to really matter).
While I understand that confidence plays into the markets, what exists in that 'concept' of confidence is that 'artificial' confidence is okay.
What is part of the chronic rollercoaster of the markets in the year 2008, especially since the recent tumbles, is this 'idea' that confidence will be 'restored' through all these huge money manipulations. That entire mess, I believe, isn't restoring confidence because it isn't real, so much as desperate. What is strongly skeptical is that 'the current bottomless pit' of the markets is sincerely that.
A Filipino investor takes a break from monitoring activities at the Philippine Stock Exchange. The Philippine Stock Exchange index fell 116.04 points, or 5.2 percent, to 2,122.37. THE ASSOCIATED PRESS/Aaron Favila
TORONTO - The Toronto stock market finished modestly lower Thursday, after a late-day rally that saw investors buy beaten up energy stocks despite a big drop in oil prices below the US$70 mark for the first time in more than a year.
New York markets also pulled off a comeback late in the day as investors examined mixed economic and earnings data for clues about the health of the economy.
Toronto's S&P/TSX composite surged about 100 points, dropped well over 500 points and finished the session down 53.88 points to 9,269.97, after an energy-sector rout sent the main index down 632 points on Wednesday....
