Todays Stock Market Thread (DJIA 7784.58 (-234.68; -2.93%) NASDAQ 1282.55 (-36.60; -2.77%)

[newsperson999]

Dow 7,784.93 -234.33 (-2.92%)
Nasdaq 1,288.09 -31.06 (-2.35%)
S&P 500 819.51 -28.25 (-3.33%)

[aristeides]

-170.23. It's rising quickly.

[aristeides]

Stopped rising. -177.98.

[ken5050]

There are different kinds of curbs.....the ones you refer to are put in place when the markets have dropped a certain number.....they don't allow "program selling" at that time..keeps the computer trading programs from piling on and dricing the markets straight down..that's what happened in 1987.........that was the so-called "portfolio insurance"..remember?

[wardaddy]

If it closes up...there will be momentum upwards in the morning. I don't know what's fueling this yet. The smart guys always play at the end of the round.

[steveegg]

Curbs were designed after the '87 crash to slow things down. I don't know much more about it than you, but at a change of the Dow of roughly 200 points (down or up), they stop taking program trades (computer-to-computer). I don't recall when they get taken off, but there is a point at which it is.

Dow -191 (guess the PPT ran out of steam :)
NASDAQ -33
S&P -23

[OldFriend]

If people are selling......somebody has got to be buying. It's going to be interesting to see if corporations are buying back their own stock.

[aristeides]

Continuing to fall. -191.34.

[steveegg]

It is New England, and if their spring was anything like mine, we were praying that "global warming" would kick in.

[B Knotts]

DNC Plunge Inception Team is currently active!

[wardaddy]

Looks like our first close under 8K(minus 1) in 4 years is coming up.

[steveegg]

At some point, somebody always buys. I just hope it ain't my 401 plans right now.

[Admin Moderator]

remember the rubin boomlet the other day? rumor that Bush would bring him on to "restore" confidence? that had to be trap they thought Bush would fall into.

[Soren]

Although I'm don't doubt there is a PPT at work in the markets, I'm not sure the late day rallies we've seen are completely due to the PPT. It's possible, but it also could be shorts closing out their positions. Bulls love to villify short traders, implying there is something evil in shorting the market. The irony is that shorts actually help in a falling market by providing liquidity (i.e. they are buyers when everyone else is selling).

[Lazamataz]

While I am filled with love, and have no more odor than a freshly cooked biscuit, I am still concerned about this market.

[steveegg]

True, and they're overpowering the Plunge Prevention team.

Dow -222
NASDAQ -36
S&P -26

[maestro]

Your# 226).....................If people are selling......somebody has got to be buying.

My guess would be the "British" groups!
They are building "Airstrip-1" on U.S. soil,.......again!

IMHO

Buy at 2500.

IMHO

[steveegg]

At least the Shammi market is holding up.

[Dog]

HPL TECH....has admitted 80% of its 4th quarter sales are fraudlent(sp)

They just announced this on CNBC anyone ever hear of this comapny..

[ken5050]

I have to run.....could you please go to Amazon, and post the reviews of Glassman's "Dow 36,000!".....it's a hoot.....

[wardaddy]

Looks like the long day traders are not willing to sleep on it.