vRE: Big Time Rebound Coming.Maybe there will be a bounce... although I don't have much faith in our 'learders'
https://www.bloomberg.com/news/2011-09-23/u-s-stock-futures-gain-as-g-20-pledges-to-address-economy-risks.html
U.S. stocks rose, following a four- day rout that erased $1.1 trillion in value, amid speculation policy makers will act to prevent another financial crisis.
Stocks advanced after an internal working paper showed that European governments may speed the setup of a permanent rescue fund to halt the debt crisis. Bank of America Corp. (BAC) added 5 percent, the most in the Dow Jones Industrial Average, as the lender prepared more asset sales to bolster capital. Home Depot Inc. and Intel Corp. rallied at least 2.1 percent, pacing gains in companies most-tied to economic growth.
The Standard & Poor’s 500 Index increased 0.9 percent to 1,139.83 as of 1:59 p.m. in New York, after falling as much as 0.7 percent. The Dow Jones Industrial Average gained 59.07 points, or 0.6 percent, to 10,792.90 today.
“Policy is viewed as inept, inert and basically out of bullets,” Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, wrote in an e-mail. His firm oversees $550 billion. “If there was a good policy response, we could see the stock market rally 10 percent very quickly.”
The S&P 500 has fallen 6.3 percent this week on the Federal Reserve’s assessment that the turmoil caused by Europe’s crisis is taking a toll on the economy. The index has slumped 16 percent since April 29 amid concern about a global economic slowdown. Benchmark indexes for the U.S., U.K., Canada, Singapore and New Zealand are the only ones among 24 developed countries that haven’t fallen at least 20 percent from their highs, entering a bear market.