DOW dips below 10,000

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-- Scrubbing Bubbles (@ .), February 24, 2000

Answers

No double-dipping with those chips!

-- here it comes (in@fits.starts), February 24, 2000.

The charts were so red there for awhile, it looked like a blood-bath.

-- Susie (Susie0884@aol.com), February 24, 2000.

They should rename it the Down!

-- Helium (HeliumAvid@yahoo.com), February 24, 2000.

Some folks are gonna be VERY NERVOUS. As well they might. By the way, what ever happened to value investing?

-- Mara (MaraWayne@aol.com), February 24, 2000.

Hmm...

I'm wondering about trading software. Is it possible that enough of a dip could spark a computerized, automated mass sell-off, thus creating a crash?

Clueless about the inner workings of the Market,

Don

-- Shimoda (enlighten@me.com), February 24, 2000.



In a 2% drop or rise they shut the computer trades off.......or so they say.

-- Chuck, a night driver (rienzoo@en.com), February 24, 2000.

Chuck,
I always thought that would be a good incentive to write "Turing Machine" type software. In the frenzy of a big selloff, having a program that could react with computer speed and sneak pass the limits would be a major strategic advantage.

-- Possible Impact (posim@hotmail.com), February 24, 2000.

Could someone explain 'curbs in' again?

-- canthappen (n@ysayer.com), February 24, 2000.

Do not forget record MARGIN DEBT. Big dips mean calls for more bucks from brokerages to client speculators.

-- (He Who) Rolls with Punches (JoeZi@aol.com), February 24, 2000.

What happened to Clint_n's Plunge Protection Team?

They usually will come in at about 1:30 p.m, at least that's what it seems they have done recently.

Note: Yesterday the market was generally up, despite Wall Street already knowing about Greenspan's statement on interest rates. Whay was the reaction postponed a day?

Anyway, get ready for a years-long blame-America game.

-- Rick (rick7@postmark.net), February 24, 2000.



Rick, PPT on the job? It is climbing slowly back up 3:04pm...Dow 10063

-- canthappen (n@ysayer.com), February 24, 2000.

Someone or something jumped in just before 3PM and took the Dow up about 140 points (from around 9980 up to 10120) in 10 minutes. Now that, friends, is clout.

"For your safety, we do ask that you keep your hands and arms inside the ride at all times. Thank you."

-- DeeEmBee (macbeth1@pacbell.net), February 24, 2000.


Rick -

That jump yesterday was almost solely driven by a rebalancing of the S&P, which set off a buying explosion by mutual funds programs. All of the funds which echo the S&P have to match its percentages, so any rebalancing of, say, Cisco within the S&P sets off buy programs in all those funds. News items like Mr. Greenspan's speech were really not a factor in that massive 3% surge in the Nasdaq, but the 10% and higher jumps for those S&P tech bellwethers (which also drive the Nasdaq) most certainly were.

The sheer size of the money flows is amazing. I saw a comment recently that the market almost seems to have a gravitational effect of its own, independent of external forces.

-- DeeEmBee (macbeth1@pacbell.net), February 24, 2000.


Kinda figured it would end up over 10,000 - that's what will be reported. Not the dip(s) in the middle.

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), February 24, 2000.

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