Posted on 02/08/2010 1:26:25 PM PST by blam
Bears Come Out In Final Hour, As Dow Plunges 104
Vince Veneziani
Feb. 8, 2010, 4:00 PM
The market was mixed on light volume until 3:00 PM. Then the Bears came out in full force.
The Dow ended up dropping 104 points. The NASDAQ lost 15 and the S&P 500 lost 9.45.
However, commodities had a great day. Oil ended up nearly one percent at $71.89 a barrel.
Gold gained $12.40 to rise to $1065.20 an ounce. Silver gained $0.24, ending at $15.07 an ounce.
Grains, Softs, and meats remain positive. Bonds, equities and energy are falling.
(Excerpt) Read more at businessinsider.com ...
No PPT today!
100 points isn’t enough to interest them ... besides they aren’t stupid ,, they can see what’s just down the road and they’re saving their ammo.
According to the “myth”, If the NFC wins the Superbowl, which it did, the stock market will be good for the next year.................
There is a competing myth which is if Barack Obama becomes President, we will see a 9,500 Dow by June 2010.
Maybe that’s only valid when the losing team is a former AFL team. The Colts moved over to the AFC from the NFL after the merger.
Aren't you the optimist...we're likely to see 9,500 within the next two weeks, IMO.
The answer?
Well that moved up the cocktail time by several hours.
“we will see a 9,500 Dow by June 2010.”
I hope it will be that high.
The Markets are starting to smell Inflation. They should indeed be worried.
It looks like it could even be this week....9500
Didn’t the Steelers do the same, Former NFL now AFC? They won in 2009..................
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