Discussion in 'Stock Market' started by boedicca, May 6, 2010.
DOW dropped almost 1,000 points. For a second there, I began seeing Teral's visions coming true.
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.
Shares are that much Cheaper today...
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.
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.
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