Economy
Related: About this forumDamn! WTF happened?
Dow was up as high as 99 points today, most of the day UP, JUST 'crashed' to 21 DOWN!
bigdarryl
(13,190 posts)elleng
(131,125 posts)I follow it every day, but such a quick and big change in direction is fairly unusual, and I wonder what caused it.
Warpy
(111,352 posts)or there was some rumor at the top causing institutional investors to dump equities and flock to something else where quick money is supposedly available.
The market is skewed six ways from Sunday.
isn't FED chair any longer.
Warpy
(111,352 posts)Yellen had indigestion after her lunch at the Fed cafeteria, then.
denverbill
(11,489 posts)Warpy
(111,352 posts)I love the reasons they give for why institutional investors act like a damned school of fish.
And it's only big institutional investors who can determine the direction of the market in a single day.
elleng
(131,125 posts)but 'boys will be boys,' I guess.
elleng
(131,125 posts)Going back up, +48.5 @ 3:56 pm, up 49.5 at the close.
Just heard 'travel warning' about Ukraine on radio.
Uben
(7,719 posts)I still watch Trading Places every chance I get.