Wikinvest Wire

Dow 200 point up/down days

Thursday, February 04, 2010

You never know what's going to happen in the next two hours but, right now, it appears as though the Dow Jones Industrial Average will have its first 200 point down day of the month on the fourth trading day of the month, setting the stage for what could be an interesting few weeks ahead, especially if the trade weighted U.S. dollar continues its ascent.
IMAGE As compared to 2008 and early-2009, equity markets have been relatively calm over the last nine months but, somehow, that doesn't look like it's going to last. After net outflows from stock mutual funds last year by Mom and Pop investors, the early part of 2010 has seen that trend reverse a bit, however, with heightened volatility, don't be surprised if that flow of new money is short lived.

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Anonymous said...

About a half hour to go --- look for a big buyer in the S&P500 futures to pull it back to under a 200 point loss ---- just had a couple of those last month ---- must nip it in the bud.

Anonymous said...

So much for that theory......

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