To: agrarianlady
The article gives almost no information; but are they actually trying to say that the the 200-point drop was not based in reality? I hope they fill it in with more info...otherwise I'll assume it was some Tom Clancy-style attack on the U.S. economy. :)
11 posted on
02/27/2007 2:36:59 PM PST by
Junior_G
To: Junior_G
"... otherwise I'll assume it was some Tom Clancy-style attack on the U.S. economy."
Well, then, a Tom Clancy-style do-over will be in order, lol.
To: Junior_G
Glitch around 2 PM caused Dow Jones to drop 200 points in short time...
Translation:
NYSE Specialist decided to stop buying shares from the public because they already bought too many, if they were going to be forced to buy more, it was going to be on their terms. Which was low enough so they could average their cost and sell into the rally.
23 posted on
02/27/2007 2:44:48 PM PST by
be4everfree
(Liberals are "Thick as a Brick" ......JT)
To: Junior_G
66 posted on
02/28/2007 3:10:45 AM PST by
Shady
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