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Dow now go down to -60 points.
-38
Dow go down again, now -34 points.
maybe HERD reaction .....shud global markets fall in tandem with "A" n "B" shares?......herd driven by fear....fear leads to irrationality, just my two cents worth.
Think it'll be an EGO thing with Americans tonite .... That only US market can crash the global market and NOT the Chinese! :P
Really See-Saw in play again .... Dow down 23 points and Nasdaq down 8 points now. Shiok!
DOW NASDAQ
future now -28, looks better
Hehe! Nitezzz ya, Elf!
Oops! US dipping again .... Dow down 72 points and Nasdaq down 19 points now.
keke, billywows, you're one happy optimist. like a little sunshine boy. :)
well, c'mon dow, go up! *wave pom poms*
haha. kzzzz, nitezzzzz!!!
Summer holiday is still a while away .... Too early for the BBs to go off the market now. And I guess the Americans dun want to look stupid to be screwed by China ya?! HeeHee!
Recovering better now! Dow down 39 points and Nasdaq down 12 points now. Shiok!
DOW NASDAQ
future -38, looks better now
All because they want to make money... :)
should stablise soon,
ppl easily forgotten what happened yesterday, react happening today and chasing after it tomorrow...
Dow on rollercoaster ride now...DOWn then uP:) hang on lor. Always must learn to enjoy the ride:)
sigh. yea. pls pls recover or a lot of asia will bleed tmrw....
Why US market recovering now .... Shiok!
http://www.marketwatch.com/news/story/market-snapshot-us-stocks-off/story.aspx?guid=%7BADD60353%2D5360%2D4F20%2DBFC4%2DF5CBF960D81E%7D
US market playing Big Time See-Saw .... Up/Down so fast! Dow down 86 points and Nasdaq down 29 points now.
DOW NASDAQ
future -50
Recovering now .... Dow down 118 points and Nasdaq down 28 points now.
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MARKET SNAPSHOT
U.S. stocks plunge at the open as jitters resume
Dow falls 200 points at the open as nervousness again shakes global markets
By Nick Godt, MarketWatch
Last Update: 9:50 AM ET Mar 1, 2007
NEW YORK (MarketWatch) -- U.S. stocks plunged again at the open on Thursday, as nervousness in Asian markets, rumors about distressed lenders and the latest U.S. inflation figures, rekindled the selling pressure that sent the market plunging two days ago.
The Dow Jones Industrial Average was recently down 165 points at 12,101, with all 30 of its components in the red. The blue-chip average first fell over 200 points to 12,265 at opening bells.
The S&P 500 fell 25 points at 1,381, while the Nasdaq Composite dropped 54.40 points to 2,361.
On Wednesday, stocks had rebounded somewhat from their plunge on Tuesday, finding comfort in a partial recovery of the Shanghai stock market, whose 9% slide spooked global markets earlier in the week.
Investors also welcomed soothing words from Federal Reserve Chairman Ben Bernanke who said that while there was no single trigger to Tuesday's market slide, financial markets "seem to be working well."
But according to Marc Pado, the Wednesday rebound was not convincing enough.
"If Tuesday was just an aberration, then we should have gained back half of the loss," he said. "Being up 50 points when we should have been up 200 or more means that the economic data and investor sentiment was worth 150 points of downside pressure."
On Thursday, major Asian markets, including China, Japan and Hong Kong, ended lower as investors focused on developments in Shanghai, where shares gave back about two-thirds of gains from the previous day.
There was also renewed concern that the yen carry trade, which has been a major source of funding for investors globally, might be subsiding.
In addition, rumors that a big lender was in distress were floating around the market, according to research firm Action Economics.
Amid concerns over the health of the mortgage lending market, SunTrust Banks revised down its fourth-quarter earnings to $498.6 million, or $1.39 a share, from the previously reported $523.6 million, or $1.46 a share, following the resolution of a previously reported large non-performing loan.
Also, the latest news on U.S. inflation, showing a 0.3% rise in core inflation, confirmed the Federal Reserve's view that inflation remains a critical risk to the economy.
"Investors are worried about the strength in the economy and the Fed's assumption that housing has hit bottom," said Pado.
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now future at -100, good but will it last?
Down happens easily, not much volume is required.
Just a few sellers and no buyers will make stocks fall a lot.