tekisui
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Wed Jan-23-08 09:32 AM
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Market is open. Dow is down 183 points (1.53%) |
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We'll see where it goes from here....
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HereSince1628
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Wed Jan-23-08 09:36 AM
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1. Yes, we will...there is still a Bull Market that can be killed |
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Apparently you've got to lose 20% from the peak to declare the bull dead. That's still hundreds of points lower for the Dow.
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tekisui
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Wed Jan-23-08 09:58 AM
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2. It has lost 12.53% this past month. |
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If it keeps losing 1-2% a day...we can declare the bull dead by next week.
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HereSince1628
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Wed Jan-23-08 01:59 PM
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3. Yes, it only needs to go to about 11.2K |
A HERETIC I AM
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Wed Jan-23-08 03:36 PM
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4. Rather dramatic turnaround ...Dow now more than 200 points positive for the day... |
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Flirting at the +240 area @ 3:35
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tekisui
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Wed Jan-23-08 03:51 PM
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What good economic news helped it?
Is it a dead cat, or for real?
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A HERETIC I AM
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Wed Jan-23-08 04:34 PM
Response to Reply #5 |
6. Financials & Transportations rallied - JPM up 4.81, AMEX up 2.98, Citi up 1.90, AIG up 2.56 |
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Continental Airlines gained 2.76 to 26.69 as the group benefited from a drop in fuel prices. Union Pacific Railroad was up 6.48. CSX up 2.19, BNSF up 3.25. Crude oil fell more than two dollars a barrel. Homebuilders lifted as mortgage rates dropped to levels not seen since 2004. The market also welcomed news that insurance regulators met with banks to raise new capital for bond insurers.
Take that info for what it is. It was real enough to bring buyers back in, anyway. Even if only for a while. We'll see.
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DU
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Tue May 07th 2024, 12:30 PM
Response to Original message |