Today's Stock Market Surge

 

 

    So what did today's market action mean? I'm certainly not the one to ask. It's characteristic of a market bottom that it retests its lows, approaching but not quite reaching its previous low. It traces out an upside-down "head-and-shoulders" pattern. One important signal, Warren Buffett is buying now. I don't suppose that means that the stock market has reached a bottom, but it probably does mean that he sees good markets out there on the cutting room floor.
    Here's a round dozen articles to keep you company tonight.


Stocks Soar on Hopes of Interest Rate Cut

Market Overview

Big sell off in Treasuries

U.S. stocks close with heady gains

GM employee stock options to be expensed beginning in 2003

Stocks surge on bargain hunting, Dow up more than 230

Investors Push Bond Prices Lower

Stocks rebound in Mexico, Brazil, Argentina, Chile

Buy a Bottom, Get Two Free

Purchasing Managers and the Warning From Main Street

The Market's in a Testing Process

It's Never Too Late to Learn Good Investing Habits