Today's Markets: Dow Down

[ConcordeWarrior]

Right now:

    * US

Dow   7,208.61   -157.06   -2.13%
Chart for Dow
Nasdaq   1,404.57   -36.66   -2.54%
Chart for Nasdaq
S&P 500   752.29   -17.76   -2.31%
Chart for S&P 500
10 Yr Bond(%)   2.7930%   +0.0210

[Flur]

-215.76  (-2.93%)

I don't know how to embed a chart, but here's a link to live update

http://www.livecharts.co.uk/MarketCharts/dow.php

[TahoeBlue]

Dow 7153 -208 | s&p 747 -23 | Nas 1396 -45 | testing new lows (may 1997)

[Joseon]

No plunge protection team the last two days.

[Letsbereal]

Yep, somtin is happening, somtin nasty.

Mirror the Dow and you've got Gold.
http://www.goldprice.org/live-gold-price.html

[RHPSmagenta]

I predict the DOW will close at 6900 today.

[Flur]

7,127.68
-237.99 (-3.23%)

[RHPSmagenta]

down 238 now...7127

[Flur]

if it closes down this much.. the Dow has lost nearly 500 points in 3 trading days.  It opened above 7600 on Thursday (Feb. 19th)

[RHPSmagenta]

*rofl*

google is down 13 points... as a matter fact the only stocks up really it the auto dealers

hmmm why am I not suprised

[the7th]

[Flur]

that top chart was the one i was looking for.. where did you find that? 

[Flur]

7,114.38
-251.29 (-3.41%)


 

[Vipercat]

What happened to the "Obama bounce" I thought there was gonna be a rally of 9000-10,000 and last for a few months before it all crashed? I guess we can rule that out... Short of a big PPT artificially induced rally we will easily see the dow in the 6000's this week. I think almost all of the mainstream bigwigs would have never told you that this would happen and at this speed. Gold may reach parity per ounce with the dow level in the not so distant future, and a ounce of silver will be worth the S&P if it still exists by then.

[America2]

What happened to the "Obama bounce" I thought there was gonna be a rally of 9000-10,000 and last for a few months before it all crashed? I guess we can rule that out... Short of a big PPT artificially induced rally we will easily see the dow in the 6000's this week. I think almost all of the mainstream bigwigs would have never told you that this would happen and at this speed. Gold may reach parity per ounce with the dow level in the not so distant future, and a ounce of silver will be worth the S&P if it still exists by then.

Who knows? Maybe it could have some kind of artificial rally this Spring from March-April...the same time when the weather is getting nice, the average sheeple is able to get out of their house for entertainment more, school on the verge of wrapping up, baseball season getting under full swing, basketball heading into the playoffs, etc...then TSHTF when noone's expecting it.

[Biggs]

Market Finds 11-Year Low Despite Bank Rally

By: Jeff Cox, CNBC.com | 23 Feb 2009 | 04:04 PM ET

http://www.cnbc.com/id/29348315

Wall Street's woeful year continued Monday, with stocks tumbling to their lowest close in 12 years despite a rally in the financial sector.

Stocks dropped more than 3 percent across the board, ending at levels not seen since May 1997.

Major U.S. Indexes







.DJIA
7114.78

-250.89
-3.41%
1,856,710,000
.NCOMP
1387.72

-53.51
-3.71%
798,686,700
.SPX
743.33

-26.72
-3.47%
5,410,489,600


While investors were cheered early by news that the government was not seeing complete nationalization of the banking industry, economic weakness brought down tech leaders and the rest of the market followed. The market rallied off the open, but then quickly moved lower and closed at its low point for the day.

"You get this enthusiasm and then reality sets in," said Bradford Pine, investment adviser at Cantella and Co. of Boston. "You keep hearing bits of news and you have hope, and then the air seems to let out and everybody loses confidence."

While the Dow has blown through its November lows, the S&P 500--the index most closely watched on the New York Stock Exchange trading floor--just edged past its low of 752. Traders were watching the 741 level to see where the market would head next.

"If we can keep bottoming at this 741 and hold at these levels we could see a significant rally," Pine said. "It may just be a bear market rally, but that is something that you could see. In this market, you can't believe in what you just believed in because it moves that crazily."