Detoxing the Markets: Bears Still Look Hungry

Source: www.thestreet.com ^ | 07/16/2002 | By Peter Eavis

[steveegg]

So far, you're 2/3 on the ball. Sorry I missed the prediction bell <VBG>.

Where's today's thread? Maybe it should be called "Dow bears still ravenous."

[steveegg]

Who's your daddy?
The Bear!

Dow -264
NASDAQ -25
S&P -22
And we're another company closer to Dow 3000.

[steveegg]

And we're another company closer to Dow 3000.
Or two. Forgot to factor in Johnson and Johnson.

[Southack]

The real fun starts when the Dow breaks down below 8000. Then my Puts should rock!

[steveegg]

Looks like the bears had everyone for lunch...

Dow 8019 (-390)
NASDAQ 1319 (-37)
S&P 847 (-33)
The S&P has 7 new stocks as of opening bell Monday. One of the 7 was positive, 3 tanked worse than the S&P itself.

[steveegg]

The Dow hit 7965 before rebounding on money-market action on the new S&P components.

[Southack]

Huge block trades today. Possibly mutual funds finally getting Sell orders from people who started reading their 401(k) statements after all of the stock market news coverage lately.