Big Bounce, Gold and Bonds Give a Bit

Busy day for me as hundreds of rebalance trades had me swamped from 8:30 am on…it was kind of cool being able to pick up some stocks this morning that were panicked out of by those who “had” to sell yesterday for margin calls or whatever reason.

Stocks snapped back, the Dow closed up 3.9% (421 points) with almost everything in the green.  Good to see.

That said, the pattern of 400 point swings back-to-back is not indicative of a healthy or constructive market.  This is way more fun for traders than it is for mom and pop to watch from afar.

Gold gave up some gains after yesterday’s rocket launch through $1800 an ounce.  In the meantime, a weak treasury auction and a touch of that risk-on feeling hit the bond market today as well.

Anyway, Daddy’s exhausted.  This may have been the longest week of my life (and it’s still not over)…you guys get some rest, too.

G’nite

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. bulletproof hosting commented on Sep 14

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  2. Zeitarbeitsfirma Pflege Eckernfoerde commented on Sep 15

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  3. EV commented on Sep 22

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  4. immediate edge review commented on Sep 23

    … [Trackback]

    […] There you can find 17555 additional Info to that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  5. Bitcoin Era Review 2020 commented on Oct 01

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  6. bitcoin evolution commented on Oct 03

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  7. 먹튀검증안전놀이터 commented on Nov 07

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]

  8. copy monaco watch commented on Dec 30

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2011/08/11/big-bounce-gold-and-bonds-give-a-bit/ […]