We continue to see history being made in the financial markets. In March 2000 was previous DOW rate increase record for a single day of +499. Today, Columbus Day October 13, 2008, 22 days from election 2008, the DOW closed over 900 points.

The guy with the shaved head pictured below, Neel Kashkari was picked to head the US department’s Troubled Asset Relief Program, AKA bailout.

Kashkari looks more like he should be in a rock band or starring opposite Vin Diesel instead of handling who will get money out of the bailout (what assets are purchased), but hey, a weekend with his talk along with President Bush working the weekend has led to a good market Columbus Day.

Good day for the stocks I own, but a long way from getting back all the money lost the last few weeks: Google +13.79%, Yahoo +8.38%, Apple +13.65%, Intel +10%, Visa +12.38%.

As I told a friend in chat who said if he had it he would dumped a bunch of money in, I’m cautiously optimistic. It’s only one day and we’ve seen several 300+ DOW rally days only to be followed by a larger number of negative days. I’m not sure if we have seen the bottom yet in the market but we’ll know more by the end of this week.

Update 10/28/08 1:01pm PST: 2nd record day, DOW almost +900 to close around 9,000.

Did this post make you go hmm?

 Loading ...