03/01/07 - DJIA Falls +150 in Early morning trading

NYSE ^ | 03.01.07 | Perdogg

[Perdogg]

Another market ride today.

[rhombus]

now down 200

[Enterprise]

It fell over 100 a little over two minutes after it opened, and in about another minute and a half it was down 200. Right now it's at -200 give or take.

[marbren]

heading below 12000

[Rodm]

Wall Street is taking their cue from the cut and run Democrats. Fear is contagious

[jdsteel]

This dip is probably from sales of mutual funds yesterday that closed at the end of the business day and are reflected in the opening price. I'm not saying the market will recover from here. That's just the most probable cause.

[period end of story]

It's all over , run for your lives!!!!

[WakeUpAndVote]

206, did someone claim that they tried to blow up Chaney again?

[B Knotts]

Time to buy.

[Alberta's Child]

This ain't such a bad thing -- for me, at least.

I've got a bunch of mutual funds in which automatic investments are made on the first business day of every month, so a huge drop today would work well for me. LOL.

[WakeUpAndVote]

Here I thought that it was all that new pork belly market in Iran.

[dakine]

I'll watch...

[JackDanielsOldNo7]

Smart people look at this as buying time. Take advantage of the situation instead of doom and gloom. My 2 cents.

[period end of story]

Wait an hour; you never know.

[Eagles Talon IV]

BINGO!!

The market has been up 6 months in a row, there was far to much complacency and VIX was almost at zero. Almost no fear in the markets until know. We needed this correction and it is welcome in most quarters. This will set up the next leg up when it washes out. Probably take another 3-4 trading sessions to see where it will finally take us on the down side.

[100-Fold_Return]

This dip is probably from sales of mutual funds yesterday that closed at the end of the business day and are reflected in the opening price. I'm not saying the market will recover from here. That's just the most probable cause.

Another bump your way, FReeper!

[DCBryan1]

BUY FINANCIALS!

[chimera]

Looks like the pattern typical of a secular bear market. Goes up slowly over a long time, comes down quickly in a short time, erasing the gains from the upward trend. Then it starts going up slowly again, only to break down sharply, and in the end you have a flat average of some kind.

A lot of people got fooled thinking the recent uptrend was the start of a bull market. This break shows that it wasn't. It's just part of a long-term pattern that will go up and down over a timeframe of years, before the next true trend, up or down, starts. The last secular bear market we had ran from about 1965 to about 1983. This one began in late 1999, so if it's anything like the last one it may last until about 2015 or so. But I'll be out and gone long before then, so, good luck...

[lesser_satan]

Same here. I get paid on the last day of the month, so my 401K contribution gets made today.

[jiggyboy]

Looks like the PPT hit the button at 9:45 or so, Nasdaq went up 30 points in like 15 minutes, similar for the DJII and S&P. The bottom for the day is in.