DOW up 147, Dropped 115 Points in Last 30 minutes (Mar , 2009)

DOW at Yahoo ^ | March 4, 2009 | DOW Yahoo

[Syncro]

Dow Jones Industrial Average

(DJI: ^DJI)

Index Value:	6,873.37
Trade Time:	4:00pm ET
Change:	147.35 (2.19%)
Prev Close:	6,898.63
Open:	6,726.50
Day's Range:	6,726.42 - 6,979.22
52wk Range:	6,661.74 - 13,191.50

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[Syncro]

You can go to the link to see the chart.

The Econo Pundits on CNBC were ecstatic at the DOW's gain today, but did not mention the 115 point plunge in the last 30 minutes.

It was tanking fast at the close.

[psjones]

A dead cat bounce.

[Syncro]

If it picks up in the morning with the trend it closed with today, it will go down fast.

[Tarpon]

Suckers market, you being played if you buy in. The fundamentals suck big time. And when do you think that will change.

[SlowBoat407]

Tanking, or profit taking on short term turnaround? I have a strange feeling we’re going to see the market played like a horse race on a daily basis on a much larger scale than before.

[Syncro]

Ajustment:

Index Value:	6,875.84
Trade Time:	4:02pm ET
Change:	149.82 (2.23%)

[griswold3]

It’s more like “InTrade” lately.

[Fido969]

A dead cat bounce

I was thinking the same thing.

[Syncro]

Title should have said (Mar 4, 2009)

[jessduntno]

“A dead cat bounce.”

The Obamabots listened to him and thought they would buy in??? Nahhhhh...no one is that...well, yeah, I guess they are...

[allmost]

There is nothing providing upside momentum. The valuations are better but the reason for the decline is all DC. It’s close to looking good though IMO.

[stevecmd]

You can go to the link to see the chart.
The Econo Pundits on CNBC were ecstatic at the DOW’s gain today, but did not mention the 115 point plunge in the last 30 minutes.

It was tanking fast at the close.

CNBC has a lot of ground to make up after their on aor personality got out of line last week.

[marshmallow]

Suckers’ rally until Friday.

[SlowBoat407]

I can see it now. The old pros get in early and start driving prices up. Eager beavers jump in and drive prices up even more on sheer enthusiasm while the pros sit back. End of the day, the pros sell sell sell.

Daily stock bubbles.

[Syncro]

Yes, it will be interesting what it closes at on Friday.

[Syncro]

Soros playbook.

[TSgt]

Obama told them to buy!

[Nervous Tick]

>> Suckers market, you being played if you buy in. The fundamentals suck big time. And when do you think that will change.

That ought to be posted in neon. & Braille for the blind.

[Romulus]

The cat won’t be dead till Dow 4,000. This is just a trading rally.

[Lady GOP]

Gov't provides details, sets standards for housing plan aimed at helping 9 million borrowers

WASHINGTON (Associated Press) -- The Obama administration kicked off a new program Wednesday that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments. Borrowers, however, are being advised to be patient in their efforts to get help because mortgage companies are likely to be flooded with calls.