So After afull day of losses, with no price support in sight, Where did the 3:15 major up-bump in the market come from???????greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
Where on earth did this rebound come from?????
-- Duke1983 (Duke1983@aol.com), February 18, 2000
Where it always comes from at 3:30pm -- the end of the day mutual fund buying from inflows still coming in.
-- Jackson Brown (Jackson_Brown@deja.com), February 18, 2000.
Where ever it came from ,the suckers just lost it all!
-- Sage (mrktguru@syzygy.com), February 18, 2000.
Bring popcorn to ringside:Link
click on "$indu" in top right corner to watch "Dow"
-- Possible Impact (posim@hotmail.com), February 18, 2000.
Thanks Possible - better than TV!
-- Y2KGardener (govegan@aloha.net), February 18, 2000.
It's interesting to look at the volume numbers for the Dow. In these first few weeks of 2000, they've been much higher than in all of 1999, which signals to me that mutual fund money is having its way with the Dow. Fund managers have been selling Dow stocks and jumping into techs. Diversification? What's that?Yet Nasdaq bellwethers like AOL and Yahoo continue to lose altitude, so now money is looking for the next hot sector. Biotech took off recently, but that can't last (biotechs are "sooooo last millennium".) Greater Fools are still trying to get in and current players are very happy to see 'em.
-- DeeEmBee (macbeth1@pacbell.net), February 18, 2000.
S&P 500 slid continuously today - so whatever was being 'bought" at 3:15 was NOT in that group of companies.....does that bit of info help any "analysis"?Also, the NASDAQ 'cable" was out for good parts of the day, so "day-trade buyers" might have not have had access to that market, thus skewing the prices they might have otehrwise been looking at in the NASDAQ.
(Remember - we are ony guessing here, unless there are 'real" money burners amongst us pee-on's in the market.)
-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), February 18, 2000.
NBA star Horrace Grant is retty good with rebounds, you don't suppose he was responsible for this rebound do you?
-- Butt Nugget (catsbutt@umailme.com), February 18, 2000.
Rhetorical question. You can't rationalize a market. What happens is what happens.
-- (nemesis@awol.com), February 18, 2000.