That was at 9:41 a.m.
10 minutes later down only 200
At 10:41 almost recovered at -120, still bouncing all over the place.
Share price falls blamed on shorts’ return
Holy cow.
Last 5 posts by AWB
- Having a fat ass means you're healthy - January 7th, 2009
- History 101 - January 7th, 2009
- Tracy Warner is a big fat idiot - January 6th, 2009
- Hey all you gun enthusiasts - January 6th, 2009
- Fort Wayne parking ticket amnesty program announced - January 6th, 2009
Entries (RSS)
It never dropped 1100. You must have been using Yahoo!Finance to look at the quotes.
They had a bug this morning where they were calculating the delta based on the 10/8 close not the 10/9 close. “Oops”.
The lowest it got was ~ -700 (to 7888.48).
Based on what I’m reading elsewhere you’re right. I was looking at Yahoo!
The reason for the market going down is uncertainty. We don’t know what the next president is going to do, so investors are being cautious and bearish. The market will pick up once the next administration establishes an agenda, assuming that the president doesn’t do something monumentally stupid. Which is a big assumption….
Consider this…. The REAL BIG BOYS in the market (not talking heads but the people who research and put their money where their mouths are) are doing. They are pulling out of the market but putting the money in the US Dollar.
They feel at the monet the US Dollar is safe compared to the Euro and Yen.
We have to agree it appears Obama seems to be opening a larger lead on McCain.
Obama has promised to raise the capitol gains tax, increase the income tax on corp., and some how blow up their world the business world.
They know Obama’s close advisors and who will more then likely serve with him. They know their REAL track record of these people and not what the media tells us. They made their money by knowing the real facts.
No, Obama did not start this mess. What they may be doing is giving a vote on what they think will happen if he wins. Keep in mind we are only about 90 days away from someone new walking into the White House.
Today the United States is not the only ballgame in the world. We may have the best diamond to play on but others are also playing baseball in China and India. So the investors can always take their ball, bat, glove and go play on baseball diamonds elsewhere.
It was not that many decades ago that Ford and GM ruled the world market in cars. Now if they where to disappear the world would just keep on buying cars and trucks with other names on them. We are no longer the dog that wags the tail!
Oh, you know that tax thing Obama keeps talking about on companies taking jobs out of the US. Well it not quit that. What he wants to do is increase the taxes on profits made off shore and brought back to the US. You know, the ones that go to 401-K accounts, mutual funds, for expanding operations, research, and donated to charity.