DJIA and NASDAQ dropping fastgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Stock Market Indexes
After the weekend G7 meeting, a big drop at the close of today's trading is an indicator that TPTB have decided that Inflation must be reined in and that the PPT have changed stategy.
The DJIA has dropped over 100 points inlast 20 minutes.
-- Bill P (firstname.lastname@example.org), January 24, 2000
-- Sluggo (email@example.com), January 24, 2000.
Yep, the 2% drop at least forced the "sell programs" to shut down. The real circuit breakers (10%) don't kick in at all after 2:30PM ET, so it could be a heck of a drop from here to the end of the day. All that money that jumped in this morning must look like some much tissue paper right now.
Could you imagine a 10% drop in one day? This 300 point stuff is bad enough. 1000 points off the Dow would have some folks reaching for the smelling salts (or worse).
I saw an entertainment program last night which used a stock market metaphor to talk about upcoming film projects and whether they would be successful. Not a real good sign when the market becomes such common currency in day-to-day life...
-- DeeEmBee (firstname.lastname@example.org), January 24, 2000.