It seems the Dow has really fallen latley. Isn't it past the 10% correction phase? Would someone that is in the know please post the numbers?

-- Mike (MMZ@hotmail.com), February 25, 2000

Answers

Yes, it's in correction. Watching CNBC this morning, a guy with charts, but he was looking for the DOW to rise to meet the NASDAQ numbers. Funny, cause some of us are looking for the NASDAQ to fall. But maybe we're the foolish ones...

-- Mara (MaraWayne@aol.com), February 25, 2000.

Heard yesterday on CNBC that the DOW has fallen 14% from it's high six weeks ago.

-- Ryker (cant@tell.ya), February 25, 2000.

Doesn't matter if it falls to zero. We now have a 'New Economy' in which all that matters is the DAQ. Dot.com is the new steam engine, dontcha know?

-- canthappen (n@ysayer.com), February 25, 2000.

-- Hawk (flyin@high.again), February 25, 2000.

Y2K was the biggest non-event of the century right?

-- Hawk (flyin@high.again), February 25, 2000.

Hawk, your pic wouldn't come up for me. Is it my puter or do you need to repost?

-- canthappen (n@ysayer.com), February 25, 2000.

Sorry about that - not sure - looks fine on my puter. Anyone else?

-- Hawk (flyin@high.again), February 25, 2000.

Got it, thanks Hawk.

-- Possible Impact (posim@hotmail.com), February 25, 2000.

Looks fine on mine, Mac G-3 using Netscape.

But, we're all out of the stock market, aren't we?;-)

I got out at 10,700 myself.

-- mommacarestx (mommacarestx@mail.com), February 25, 2000.

It might be one of those java things because it is constantly updating itself.

-- Hawk (flyin@high.again), February 25, 2000.

Came up great at our house. Have java and all that other stuff disabled.

-- suzy (suzy@nowhere.com), February 25, 2000.

In today's action:

Here's an intraday chart for the Dow - Link to Bloomberg.com

Note how it bounced off support at 9980 three times from about noon to 1:30PM, then dropped right through to 9940. Similar pattern to yesterday when it kept bouncing off 10K in an effort to stay at "5-Digits". Watch for the after-lunch money. We had a massive inflow at 2:30 yesterday that raised all boats in a big way. Overall trend, though, is down in steady, agonizing, daily decrements.

Margin calls could get very ugly very quickly.

-- DeeEmBee (macbeth1@pacbell.net), February 25, 2000.

Sorry, Hawk. I see it now. I was on AOL and right after that I lost the board and everything else. Switched over to Juno. Everything fine now. Sorry again.

-- canthappen (n@ysayer.com), February 25, 2000.

Where did you get the chart from, Sir Hawk?

Is it a one-shot bitmap, or an regularly updated site link?

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), February 25, 2000.

Robert -

Do a View Source on this thread. Hawk's chart is from Bigcharts. I use Bloomberg for intradays (quick), but Bigcharts offers a much more flexible set of charting options. You might want to drop over there and try a time frame of, say, YTD on the DJIA. Looks like a design for a new ride at Six Flags.

-- DeeEmBee (macbeth1@pacbell.net), February 25, 2000.

Thank you, sir.

Funny thing about the volume...

Evn as far back as 1998, usual volume was 100 million - then a sudden rise to 150-175 million in November and December 1999.

Dropped (for three-four days in Jan 03-05), then now is double last year's average volume at about 200 million.

Where is all this "new" money coming from? How stable is it? Where is this "new money" (turnover/rollover money/ borrowed and leveraged money I assume) going to?

Don't the "averages" only reflect these purchaes, not the actual values of the stock in the companies being recently bought? If so, doesn't this only indicate an even more "tenuous" stock market, more subject to fluctuations and panic?

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), February 25, 2000.

For all you graphical learners out there, here's what Mr. Cook is talking about:

-- DeeEmBee (macbeth1@pacbell.net), February 25, 2000.

I seem to recall reading somewhere that all of the big economic crashes happened about 5-6 weeks after a peak. If so, isn't this a great example of the beginning of an ecomonic collapse ala 1929? I mean, it's what, 5 weeks after the 11,800+ peak? And now the Dow (as of 2 PM Central) is at 9930-ish.

Correction, definitely. But it only has to fall a little more before the bottom drops out...

O d d O n e

-- OddOne (mocklamer_1999@yahoo.com), February 25, 2000.

Markets Snapshot
DOW	-180.25	9912.38	-1.79%
NASDAQ	-9.13	4608.52	-0.20%
S&P 500	-18.93	1334.50	-1.40%
BOND	-13/32	101 1/8	6.16%
last updated at 02/25 3:03 p		sponsored by
stock quote       Track your stocks with CNNfn.com

-- hope it works (try@paste.table), February 25, 2000.

HAWK, I don't know if it was the biggest NON-EVENT of the century?...What century?... AHHHHHhhhhhhh....you're just kiddin me!!!! I think you're on to something though...y2k has shown us the biggest non-event of the last century...the ones who didn't prepare! BRyan

-- SB Ryan G III (sbrg3@juno.com), February 25, 2000.

I just heard on CNBC that the DOW has fallen 16% since January 1st.

Is that correct? or is it a true 'correction'?

-- Connie (hive@gte.net), February 25, 2000.

Markets Snapshot
DOW	-230.51	9862.12	-2.28%
NASDAQ	-27.16	4590.49	-0.59%
S&P 500	-20.07	1333.36	-1.48%
BOND	-7/32	101 5/16	6.15%
Friday's market close		sponsored by
stock quote       Track your stocks with CNNfn.com

-- - (-@-.-), February 25, 2000.

In a month Nasdaq higher than Dow?

-- - (.@*.=), February 25, 2000.

Yes Connie, it's true. The DOW has declined ~16% since it's high at 11,722 (?). 9862/11722 = 15.87%. A "Correction" is supposed to 'start' when the market declines 10% or more...

-- Deb M. (vmcclell@columbus.rr.com), February 25, 2000.

Monday is going to be SO much fun.

All those inclined, please get your puts in place before the opening bell.

-- nothere nothere (notherethere@hotmail.com), February 25, 2000.

S&P has lost all gains since last April.....you'd have been better off pulling your money then and leaving it in your mattress.

Ooops. Saving account.

You might have had some interest in your mattress.

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), February 25, 2000.

So, if you got "in the market" 1 year ago, how much have you made over the past year? Oh, it looked pretty good a few months ago, but if you follow the "long term" that many "experts" talk about, you haven't made zilch over the past year. All of the sudden, that old 6.5% 18 month CD is looking better and better... <:)=

-- Sysman (y2kboard@yahoo.com), February 25, 2000.