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Dow's down 200 points

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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Oct-19-07 09:55 AM
Original message
Dow's down 200 points
Just a heads up.

Oh, and twenty years ago today was the '87 crash. :wtf:

:hi:
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-19-07 10:01 AM
Response to Original message
1. Dow Would Have To Drop 3,100 Points In A Day To Match That
I think circuit breakers break in and the markets close before that happens...
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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Oct-19-07 10:04 AM
Response to Reply #1
2. A 1350 point, or about a 10% loss, would kick in the first circuit breaker
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-19-07 10:10 AM
Response to Reply #2
4. And Eventually The Market Closes
The Dow that day was actually down 47% at one time before the bargain hunters came in...

The market is a counter intuitive mechanism... All kinds of competing cliches from "you can't catch a falling knife" to the "time to buy is when there is blood in the streets"...
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TechBear_Seattle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-19-07 10:10 AM
Response to Original message
3. 1.47% at the moment. Barely worthy of note
Get back with us if hit a 3% change. Anything less than that is normal.
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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Oct-19-07 03:09 PM
Response to Original message
5. Closed down 366.94 or 2.64%
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