More flucuation? Dow Jones falls another 500 points amidst global worries.
14 replies, posted
[release][U]NEW YORK [/U]— More signs of economic weakness triggered a global sell-off in stocks Thursday that pulled the Dow Jones industrial average down over 500 points at one point. Major indexes closed sharply lower.
In the United States, there were reports that more people joined the unemployment line last week than a week earlier, gasoline prices contributed to higher inflation and manufacturing slowed in the mid-Atlantic.
The Dow Jones industrial average was lately down over 460 points, having fallen as much as 528 points about a half-hour into trading. The VIX index — which measures the possibility of stock market volatility and is sometimes called “the fear index” — rose sharply.[/release]
[I]Source: [URL]http://www.msnbc.msn.com/id/44186846/ns/business/#.Tk1xOILw5Ls[/URL][/I]
Same shit new day.
DJI has been like a roller coaster designed to rip people's heads off, before stuffing them down their neck-holes a second later.
As a holder of many DJI stocks, I've stopped caring about these fluctuations and I'm just waiting for them to blow over to see what the final score is.
[QUOTE=Atlascore;31809772]Holy fuck, I just looked at the Dow Jones thing on Google, it's like a fucking cliff, it just goes straight down.[/QUOTE]It's been doing that for a long ass time. Up, down, up, down...etc. It's the classic sign of an unstable economy.
[QUOTE=faze;31809829]It's been doing that for a long ass time. Up, down, up, down...etc. It's the classic sign of an unstable economy.[/QUOTE]
More like an unstable population, that.
I know which country I ain't dating.
[QUOTE=Atlascore;31809861]I know, but it went STRAIGHT DOWN, it is literally a line going down without any bumps or anything.[/QUOTE]It dropped 400 points when the market opened. That's why.
[editline]18th August 2011[/editline]
[QUOTE=mac338;31809851]More like an unstable population, that.
I know which country I ain't dating.[/QUOTE]What?
[QUOTE=Atlascore;31809772]Holy fuck, I just looked at the Dow Jones thing on Google, it's like a fucking cliff, it just goes straight down.[/QUOTE]
That's because it went to the next day, it only happens because all of that happened while the market was closed.
If you go back to previous days in a good economy you would see the line shoot straight up, but it doesn't, if it were displaying activity overnight it would be more steady.
[QUOTE=s0beit;31810318]That's because it went to the next day, it only happens because all of that happened while the market was closed.
If you go back to previous days in a good economy you would see the line shoot straight up, but it doesn't, if it were displaying activity overnight it would be more steady.[/QUOTE]
Well the market closed 200 points lower than it started today, so you've got a net loss.
[QUOTE=Megafanx13;31811483]Well the market closed 200 points lower than it started today, so you've got a net loss.[/QUOTE]
Yes, but he's talking about the time between the market closing yesterday and the market opening today, the loss during the markets being open isn't shooting straight down.
[QUOTE=s0beit;31811798]Yes, but he's talking about the time between the market closing yesterday and the market opening today, the loss during the markets being open isn't shooting straight down.[/QUOTE]
Oh, I see. Different thing then.
I guess we're at a point where the markets are so interconnected that trouble anywhere is going to hit everyone else. Can't wait until a crash in Europe sets off another 2008-level crash everywhere.
[QUOTE=Used Car Salesman;31812234]I guess we're at a point where the markets are so interconnected that trouble anywhere is going to hit everyone else. Can't wait until a crash in Europe sets off another 2008-level crash everywhere.[/QUOTE]
I thought we were past 2008 level. Anyway, it used to be when America sneezed we caught a cold, now it's just everyone's got the plague and we're all going to die.
It's Europe's fault this time.
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