Market Set For Historic 2700 Point Surge
Posted by Blain Reinkensmeyer
April 1, 2008 at 7:11 am
The market today is shaping up for the greatest open in its history after the United States surprised the world with a slew of life changing news.
The NASDAQ is set to open at 2712.13 (+19%), S&P 500 at 1560.78 (+18%), and the Dow Jones is looking to open up a staggering 2697 points to a record 14,960.86 (+22%).
This morning at 5:55 AM the United States announced in a report that 37 countries will be dumping an unprecedented $1.7 trillion dollars into the US financial markets to end the subprime crisis once and for all. Jamaica was included as one of the participating countries.
Also announced was that the war in Iraq has ended after Islam extremists sacrificed their leader Osama Bin Laden and declared a permanent switch to Christianity.
The dollar is up 28% because of the newly found US strength, and gold is looking to open back under $700.
In other commodity news Oil is looking to open under $70 a barrel after the United States and China released plans to be 90% oil free by 2011. Economic strategists have no real idea as to where this support is coming from, but then again don’t really care as they are preparing to watch American Idol Gives Back tomorrow night at 8PM.
Lastly today Stock Trading To Go is on pace to post a record 100,000 page impressions after Barry from The Big Picture, Howard Lindzon, Trader Mike, the Option Addict, Prieur from Investment Postcards, and basically the rest of the financial blogosphere all featured the site on their homepages.
Lucky for me I sold my life away and had every penny vested in the QLD, but for those who are short this morning may god bless your souls… Happy trading.
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Normally, I’d call April Fools on you, but man if you weren’t close to the mark calling today the best day for the markets. +400 v. +2700… not that far off I suppose
oh my, very nice call! A little off on the numbers….but heh! Not complaining!
Now hopefully it just won’t be an “April Fool’s Rally”…
Oh yeah, you forgot the note about the uptick rule being put back into place.
Happy April Fool’s everyone,
Ray
You go Blain!