485 points on the dow (to the upside)

| 30 September 2008 15:43

It’s not 777 points, but 485 points up will have to do for anyone who is not excited about a market crash. Financials were way up today despite the fact that Paulson’s Economic Patriot Act was torpedoed by Congress. Let’s savour the moment.

Below are a few financials I follow and how they did on the day. I actually have no positions in any of these stocks but I am no sadist. Market carnage is ugly.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Related Posts
More About: , ,