DOW Soars 890 Points Today

By | October 28, 2008

Finally, the stock market has come back with a strong rally. Stocks surge as investors hunt for bargains. The DOW jumped almost 890 points.

Dow 9,065.12 +889.35 +10.88%
Nasdaq 1,649.47 +143.57 +9.53%
S&P 500 940.51 +91.59 +10.79%

Verizon Communications Inc. (VZ) continued to go up and closed at 31.65. I had sold all my shares of VZ at $28 yesterday, lost an opportunity cost of 3 dollars and change per share. I still have a lot of holdings that are still deep in the red, like Financial Select Sector SPDR (XLF), Noble Corp. (NE), Pfizer Inc (PFE),
American International Group, Inc. (AIG), and FANNIE MAE(FNM).

The question is, will the market hold its gains tomorrow?

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