the official explanation for the DOW crash and burn this morning is.....

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Stocks fell sharply for the third straight session Thursday as fears about higher interest rates overshadowed corporate earnings that largely beat or met Wall Street forecasts. The Dow Jones industrials and the tech-heavy Nasdaq both fell about 1 percent.

-- --- (---@---.com), October 14, 1999

Answers

Right now, the market is off 40 points (-0.40% according to cnnfn.com). I'm off to Sams Club right now for more beans, and candles!

-- Anonymous999 (Anonymous999@Anonymous999.xxx), October 14, 1999.

I hate to throw water on this, but the market is doing nothing right now. Even if it drops 300 points today its still not enough to worry about. We would have to see a few days of near limit down on the DOW before I would call it a panic or a meltdown.

Anyone on this list remember the "Asian Contagion"?. Did you watch the markets during that nightmare, it was a bloodbath compared to this and 99% of the people didnt even know it happened.

I wouldnt over react to the current market, right now its just trying to figure itself out.

-- hamster (hamster@mycage.com), October 14, 1999.


Actually, today looks more like the PPT has finally found a working handle. NIght Train

-- jes an ol stock-wachin' footballer (nighttr@in.lane), October 14, 1999.

Hamster is right. Staring at the market all day will drive you nutter than reading this forum. Market threads are a waste of bandwith. If it crashes you'll all know soon enough, and nothing you can do about it but be prepared for it.

-- (not@now.com), October 14, 1999.

Dow up a 100 points... 1:30 EST

-- STFrancis (STFrancis@heaven.com), October 14, 1999.


I would be very suprised to see the Dow tank appreciably any further this week as this is options expiry week and the Big Players do not like to be cheated out of the profits Max-Pain will induce (OEX 685- 692?) at expiry. However the bond market no likey any of the data it has seen lately (cooked by Dept. of Labor or otherwise) nor does it much like the behavior of the Dollar abroad. Notice the bond rate up to 6.33 per-cent? Hmmm...?

Blood in the Streets next week when the Trade Data comes out. Hold onto your butts. Stay long and be wrong!

-- a trader (dontemailme@nowhere.net), October 14, 1999.


Another easy one to DEBUNK. The Dow was up. Want to go double or nothing?

-- jbsmith (joebobsmith@yahoo.com), October 14, 1999.

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