The Dow Soars (So, is that a good thing?)

The Dow soared amid reports of another rate cut coming in December. In fact it soared 300 points. The news media calls this a "good day." But, with the Dow’s roller coaster behavior over the last months, why is such a jump a good thing? When do too many extreme changes in the Dow mean something else is wrong? I’m not talking here about the sub-prime issue as the "something" that is wrong. I’m talking about the psyche of the investor, I suppose. Hmmm…

2007-11-28T12:53:05-04:00

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Written by Dave Fleming