Posted on 12/09/2014 7:30:46 AM PST by John W
US stocks moved sharply lower Tuesday in early trade, following global equity markets downward after the Shanghai market plunged on tightened lending requirements.
(Excerpt) Read more at uk.news.yahoo.com ...
Down 201.07(1.13%) 10:37AM EST
This market sure seems manipulated... But I guess that is a given.
Dropping a very small percentage from record highs is hardy a rout. More like a VERY minor correction.
Big mistake to look at just one day. String 8-9 days in a row and there will be something to talk about.
I remember when 100 point moves were huge. Now, they’re just common fluctuations.
Gold and silver mining stocks I hold are up 3-9% this morning.
Back in the 1930's the DowJones was a hundred points, so we'd have been talking 100%. Right now the Dow is down less than a percent.
1%.................people have to realize that as the DJ gets higher, the numbers will get larger, as well.
1% of 17000 is 170 points.
170 points when the DJ was at 5000 would have been 34%, a disaster.........
Overpriced stocks have to take a hit some time the yoyo game will not end well.
When I was kid in the early 90s, I used to watch CNN Headlines news way too much, and would be astonished when they would report on the Nikkei average. 200 points here, and then 100 points in the other direction. I could not figure out why their market kept moving so far in one day while the Dow Jones was 3 or maybe 10 points here and there. I thought Japan had the more “exciting” market. Now I would love for the good old days of slow movement.
The Japan stock market was in the mid to high 30,000 in those days too.
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