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03/01/07 - DJIA Falls +150 in Early morning trading
NYSE ^
| 03.01.07
| Perdogg
Posted on 03/01/2007 6:44:27 AM PST by Perdogg
Another market ride today.
TOPICS: Business/Economy
KEYWORDS: dragoncoaster; jackrabbit; kennywood; rebelyell; thunderbolt
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1
posted on
03/01/2007 6:44:27 AM PST
by
Perdogg
To: Perdogg
2
posted on
03/01/2007 6:47:07 AM PST
by
rhombus
To: Perdogg
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.
3
posted on
03/01/2007 6:47:27 AM PST
by
Enterprise
(Drop pork bombs on the Islamofascist wankers. Praise the Lord and pass the hammunition.)
To: Perdogg
4
posted on
03/01/2007 6:47:46 AM PST
by
marbren
To: Perdogg
Wall Street is taking their cue from the cut and run Democrats. Fear is contagious
5
posted on
03/01/2007 6:48:05 AM PST
by
Rodm
(Seest thou a man diligent in his business? He shall stand before kings)
To: Perdogg
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.
6
posted on
03/01/2007 6:48:19 AM PST
by
jdsteel
(Global Climate Change... for about 4.5 Billion years now and still going strong!)
To: marbren
It's all over , run for your lives!!!!
7
posted on
03/01/2007 6:48:47 AM PST
by
period end of story
("Fred C. Dobbs don't say nothing he don't mean.")
To: Enterprise
206, did someone claim that they tried to blow up Chaney again?
8
posted on
03/01/2007 6:49:06 AM PST
by
WakeUpAndVote
(I gotta have my Pook!)
To: Perdogg
9
posted on
03/01/2007 6:49:08 AM PST
by
B Knotts
(Newt '08! FReepmail me to get on the Newt '08 Ping List)
To: jdsteel
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.
10
posted on
03/01/2007 6:50:03 AM PST
by
Alberta's Child
(Can money pay for all the days I lived awake but half asleep?)
To: Perdogg
Here I thought that it was all that new pork belly market in Iran.
11
posted on
03/01/2007 6:50:25 AM PST
by
WakeUpAndVote
(I gotta have my Pook!)
To: B Knotts
12
posted on
03/01/2007 6:50:47 AM PST
by
dakine
To: Perdogg
Smart people look at this as buying time. Take advantage of the situation instead of doom and gloom. My 2 cents.
To: dakine
Wait an hour; you never know.
14
posted on
03/01/2007 6:51:59 AM PST
by
period end of story
("Fred C. Dobbs don't say nothing he don't mean.")
To: B Knotts
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.
To: 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. Another bump your way, FReeper!
To: 100-Fold_Return
17
posted on
03/01/2007 7:03:10 AM PST
by
DCBryan1
(Arm Pilots&Teachers. Build the Wall. Export Illegals. Profile Muslims. Execute Scum & Pit Bulls.)
To: Perdogg
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...
18
posted on
03/01/2007 7:05:51 AM PST
by
chimera
To: Alberta's Child
Same here. I get paid on the last day of the month, so my 401K contribution gets made today.
19
posted on
03/01/2007 7:09:53 AM PST
by
lesser_satan
(EKTHELTHIOR!!!)
To: Perdogg
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.
20
posted on
03/01/2007 7:11:34 AM PST
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
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