The market is at 10,779 as I write. This is the third day the market has been around 10,800. Here is my commanding prayer,
“Fear – I command you to leave the stock market! You dark spirits of vexation and worry, you restless and unruly spirits, you that sow discord and division, by the authority given me in Jesus Christ, I command you spirits of fear to leave now! This market is a lazy bull market, the Lord has named you, stock market. Fear, lie down you troubling spirits, be subdued, you have no place anymore here! The market will slumber and rest from your wickedness. And the cows and bulls will graze again. Be gone! In the name of Jesus Christ!”
Update as of May 10, 2010 3pm:
http://news.yahoo.com/s/ap/20100510/ap_on_bi_st_ma_re/us_wall_street
Stocks surge on plan to ease European debt crunch
By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer
NEW YORK – Stocks rocketed to their biggest gain in a year and bond prices fell Monday after a nearly $1 trillion plan to contain Europe's debt crisis reassured investors.
The Dow Jones industrial average rose about 405 points to its biggest advance since March 2009. Broader U.S. indexes outpaced the Dow's 3.9 percent rise….
Markets around the world plummeted last week after fears grew that Greece's debt problems would spread to other struggling European economies like Spain, Portugal and Italy. The Dow slid 5.7 percent last week in its worst drop since the depths of the financial crisis in October 2008. On Thursday alone, the Dow was down nearly 1,000 points late in the day before recovering much of its losses.
Triple-digit Dow moves have again become the norm. The latest swings are reminders of the big swings that occurred during the credit crisis in late 2008 and early 2009.
The Dow rose 404.71, or 3.9 percent, to 10,785.14. At its peak, the Dow was up nearly 455 points. The climb came after four straight days of losses and was the biggest advance since March 2009, when the market was bouncing off its lowest levels in 12 years.
"Sierra" - About Me
- Prophetic Trader
- I am a prophet in arenas which I call "the fields I plow", primarily that of the U.S. economy, politics and stock market, but also whatever else He shares with me. He graciously has expanded the scope of sharing with me over the years. I am transparent in this blog. You will witness a prophetic person fairly new to prophesying publicly exhibit some immaturity, which I have not deleted, but hopefully you will see growth and increased maturity over time. I often spend hours a day with the Lord to cultivate the gifts for the fields He has called me to. It is the craving of every fiber in my being to be close to Jesus Christ and the Father and I hunger to sit at His feet like Mary. I believe this is the birth place of a prophet and He has and is birthing many prophets across the world to speak over and pray for many issues. Sometimes it is the most excruciating thing you will do as your flesh is crucified in this calling. But it is also the most glorious thing to be drawn closer and closer to Him. It is worth the cost, but please know it is a painful and frustrating cost at times, should you desire it. I hope you desire it!
I value your friendship and prayers.