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Detoxing the Markets: Bears Still Look Hungry
Source: www.thestreet.com ^
| 07/16/2002
| By Peter Eavis
Posted on 07/16/2002 4:50:49 AM PDT by Lazamataz
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To: Lazamataz
So far, you're 2/3 on the ball. Sorry I missed the prediction bell <VBG>.
Where's today's thread? Maybe it should be called "Dow bears still ravenous."
To: Lazamataz
Who's your daddy? The Bear!
Dow -264
NASDAQ -25
S&P -22
And we're another company closer to Dow 3000.
And we're another company closer to Dow 3000.
Or two. Forgot to factor in Johnson and Johnson.
To: Lazamataz
The real fun starts when the Dow breaks down below 8000. Then my Puts should rock!
To: Lazamataz
Looks like the bears had everyone for lunch...
Dow 8019 (-390)
NASDAQ 1319 (-37)
S&P 847 (-33)
The S&P has 7 new stocks as of opening bell Monday. One of the 7 was positive, 3 tanked worse than the S&P itself.
To: Southack
The Dow hit 7965 before rebounding on money-market action on the new S&P components.
To: steveegg; Lazamataz
Huge block trades today. Possibly mutual funds finally getting Sell orders from people who started reading their 401(k) statements after all of the stock market news coverage lately.
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