Biggest One Day Drop Since 2008

Discussion in 'Stock Market' started by boedicca, May 6, 2010.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    DOW dropped almost 1,000 points. For a second there, I began seeing Teral's visions coming true.
     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's a warning. The market looks ahead. It doesn't like the prospect of the U.S. suffering a Sovereign Debt Crisis. We got a warning rumble.
     
  3. mal
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    mal Diamond Member

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    Shares are that much Cheaper today...

    :)

    peace...
     
  4. Vast LWC
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    Vast LWC <-Mohammed

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    See, now you started off so well with this excellent post:

    And then you just had to make it about the current administration in some way, with this post:

    Oh well, at least you didn't directly say it was "Obama's fault", like some of your cohorts would.
     
  5. Paulie
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    Paulie Platinum Member

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    The drop today was no necessarily panic selling all around.

    A lot of that was stop losses being triggered.

    Look at the chart. It just drops off hundreds of points in a second with almost zero buying.

    That's stop losses being triggered. This looks a lot worse than it actually was, not that I'm saying it isn't bad.
     
  6. mal
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    mal Diamond Member

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