Latest Dow Upset

[splorff]

27/02/07
.Does anyone know why the Dow has sunk from 12700 to 12100 in just a few days ?

 

[Slapshot]

27/02/07
.Does anyone know why the Dow has sunk from 12700 to 12100 in just a few days ?

Because professional money has pulled the plug

 

[splorff]

Because professional money has pulled the plug

What has frightened them ?

 

[TWI]

China.
Making it clear who runs the markets these days.

 

[bizmanny]

27/02/07
.Does anyone know why the Dow has sunk from 12700 to 12100 in just a few days ?

splorff

This article should answer you question.

http://www.marketwatch.com/news/sto...x?guid={7AF6B8F5-604D-4645-AA5D-FDF7BE804C9B}

 

[Priceman]

Is it a "Bush-burning" somewhere? Who will come to the rescue though? What are the alternatives, Bilary Clinton?

Some nice volatity, brace yourselves for the rocky ride ahead chaps! Just make sure you're on the right side

 

[bizmanny]

9% drop in a single day in China.And that was not caused by any serious news over there. Can you imagine if there was real serious news like US attack on Iran? How much plunge we will be talking about 20%? Well that is emerging market for you.

To be fair it should be expected because China stock market has been up 130% last year but not expected in a single day.

 

[splorff]

splorff

This article should answer you question.

http://www.marketwatch.com/news/sto...x?guid={7AF6B8F5-604D-4645-AA5D-FDF7BE804C9B}

Thanks for the link Bizzmanny

 

[fibonelli]

looks like the carry trade is unwinding (again!) and the bears are coming out to play