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Dow dropped -191.24 points today

Bad economic outlook + inflation + etc = stock market goes down

At least, that's what I got from a quick read of P&N earlier.
 
*shrugs*

Lower than expected earnings estimates mainly. The fundamentals are still good. Oil's dropping in price, has been all week.

ZV
 
doesn't it go down when people don't want to buy for a high price or are willing to sell for a low price?
 
Go to cnn.com, scroll down to "Business" and read.

And don't take dips so seriously. This would be a good time to buy some VFINX.
 
mostly gas prices have hurt consumer confidence

the interest rates are going to rise at a measured pace

which is good or we'd be paying 9.95 for a hamburger in a few years

not much confidence in the american economy

money shifts to outside economies

give me some money, I'll buy stuff and help the economy
 
Good. That means I will get more stock when my 401K goes in on monday. Woot!
 
soooooooooooooooooooooooooooooooooooooooooo many reasons. Study economics if you really want to know.
 
Econ 100 and 120 didn't teach about corruption, bribery, insider trading, fvcking w/ poor people's retirement fund, etc.
 
linkage

Stocks staged a stunning rebound Thursday as investors snapped up shares on unexpectedly strong earnings from companies including Nokia Corp. and Motorola Inc., and the surprising news that the New York Stock Exchange plans to merge with electronic trader Archipelago Inc. The Dow Jones industrial average soared more than 200 points, its best day in two years.

...

The Dow surged 206.24, or 2.06 percent, to 10,218.60, reversing course after a 115-point drop Wednesday, and a 374-point decline last week. It was the Dow's largest one-day gain since April 2, 2003, when the blue chips closed 215.20 points higher.

The broader gauges also posted significant advances. The Nasdaq composite index soared 48.65, or 2.54 percent, to 1,962.41, its best one-day gain since Nov. 24, 2003, when it closed up 53.26 points. The Standard & Poor's 500 index added 22.45, or 1.97 percent, to 1,159.95, its best one-day showing since March 17, 2003, when it climbed 29.52.
Click to expand...


The market appears to be confused again 😀
 
Originally posted by: charrison
linkage

Stocks staged a stunning rebound Thursday as investors snapped up shares on unexpectedly strong earnings from companies including Nokia Corp. and Motorola Inc., and the surprising news that the New York Stock Exchange plans to merge with electronic trader Archipelago Inc. The Dow Jones industrial average soared more than 200 points, its best day in two years.

...

The Dow surged 206.24, or 2.06 percent, to 10,218.60, reversing course after a 115-point drop Wednesday, and a 374-point decline last week. It was the Dow's largest one-day gain since April 2, 2003, when the blue chips closed 215.20 points higher.

The broader gauges also posted significant advances. The Nasdaq composite index soared 48.65, or 2.54 percent, to 1,962.41, its best one-day gain since Nov. 24, 2003, when it closed up 53.26 points. The Standard & Poor's 500 index added 22.45, or 1.97 percent, to 1,159.95, its best one-day showing since March 17, 2003, when it climbed 29.52.
Click to expand...


The market appears to be confused again 😀
Click to expand...


Sweet, I gained 2.5% on my 401k :thumbsup:

EDIT: Now I'm only down 5.1% for the year :thumbsdown:
 
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