Dow Drops 400+ points
- Thread starter Robert Toy
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Get your world-wide economy here folks!
What? I thought that was what we all needed. You know, for equality or world peace or some other warm fuzzy stuff. This really sucks. Apparently it means we can all be flowing down the drain too. There's some 'equality', on a global scale.
What? I thought that was what we all needed. You know, for equality or world peace or some other warm fuzzy stuff. This really sucks. Apparently it means we can all be flowing down the drain too. There's some 'equality', on a global scale.
It means investors thought the market had risen too high, too fast, and were waiting for some kind of bad news to confirm those thoughts.
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Yeah. Those ever-changing numbers are kind of mesmerizing, though. It's a pretty shade of red.
Or, alternately:
http://articles.moneycentral.msn.com/Investing/Dispatch/default.aspx?feat=1751806>1=33002
Damn that QWERTY keyboard, anyway.
caw
Too late! ?
The shoppers bought when the Dow was down 990 points. Then they rode a 600 point upward move.
The shoppers bought when the Dow was down 990 points. Then they rode a 600 point upward move.
Shrugs. Investors are herd animals. It's why so many of them get sheared so often. Trying to figure out what panicked them is a futile exercise.
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Seriously, people need to stop paying attention to the Dow like it's important or means anything.
Except for those that might have been planning to cash out and retire tomorrow...to them it's probably important. Or young investors looking to jump in cheap (like moi).
The psychological effect is enormous. That's why technical analysis is so popular. Fibonacci and the Golden Ratio is at the heart of some of it...fascinating stuff....
check it out:
There is a special ratio that can be used to describe the proportions of everything from nature's smallest building blocks, such as atoms, to the most advanced patterns in the universe, such as unimaginably large celestial bodies. Nature relies on this innate proportion to maintain balance, but the financial markets also seem to conform to this 'golden ratio'. Here we take a look at some technical analysis tools that have been developed to take advantage of it.
http://www.investopedia.com/articles/technical/04/033104.asp
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That's one fat finger!
The more common error would have been nillions....but I think that might have only made Wall St turn plaid.
Nobody can yet put a finger on the major cause of the wild market drop, and there is some suspicion of market manipulation contributing to it. Anybody remember the artificially-induced price spike in silver back in the 1970s? This story could linger a while.
caw
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It is my experience that very few in IT seem to realize that, however.
Just as often, business side folks are more than willing to cludge together some workaround when they don't want to use an efficient, reliable system.
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