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With today's blastoff, the Dow and S&P 500 have risen nearly 20 percent from their intraday lows on Thursday (Dow: 7885 -- 9388; S&P: 840 -- 1003). At least one definition considers a bull market to be an increase of 20 percent. Does this feel like a bull to you?
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.
Comments
Well, it feels like bull something, that's for sure! Hey, just print more money, that's all we need! Jay, what do you think about the prospects for hyperinflation next year as we continue to print money, borrow money we can't pay back, are threatened with another stimulus that we can't afford, etc.?
Posted by: Mar | October 14, 2008 9:07 AM