Stocks Rally 2% Amid Euro Zone Bailout Hopes

JeeYeon Park
September 28, 2011

Stocks advanced Tuesday, led by energy and materials, amid growing expectations that EU officials were working on a plan to ease the region’s debt crisis.

The Dow Jones Industrial Average rose sharply, led by Hewlett-Packard and JPMorgan, after closing above the psychologically-significant 11,000 level in the previous session.

The Dow is seeing its best two-day gain since Aug. 11-12.

The SP 500 and the Nasdaq also gained. The CBOE Volatility Index, widely considered the best gauge of fear in the market, slipped below 37.

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4 Responses to “Stocks Rally 2% Amid Euro Zone Bailout Hopes”

  1. It just goes to show you that the ECONOMIC STATS have NOTHING to do with Wall Street’s manipulated gyrations (via their quantum computers/Market Makers/NYSE specialists). They have MOTIVE to manipulate prices and mark them up. It’s the end of the quarter. However, Thursday brings out some sensitive economic labor data, so I predict a pull back tomorrow. WALL STREET MANIPULATORS are sucking as much of the public in TODAY, so they can dump on them TOMORROW, jmho.

  2. More bailouts, more false promises and report it all! The true economic realities are quite dismal. Germany is a real power house ready to move and shake. The rest of the EU is experiencing minimal to no growth. The US economy remains quagmired and very weak with a $30 trillion dollar cumulative trade deficit. Back at the casinos, err exchanges, let’s gamble again, the market was down on bad news but we can make up for it this week. All this while trusted analysts are telling people not to get into the market and stay with large corporations with long track records that regularly pay good dividends.

  3. They will rally again going up a few hundred points for the week, then drop again going down six , seven or eight hundred points the follow week, and so on. These markets are rigged and are dangerous to the average person. I would stay away from the markets. There is no substance to any of these quick fix idea on either the US or the EU economies. Countries are just piling on debt from loans.

  4. Screw those Stock Reports…who fkng cares…! It means nothing to us, the 99 % ers…! “WE THE PEOPLE” NOT !!! “WE THE CORPORUPTERS”

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