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Willisms

« Jose Padilla: New Leftist Hero On Ice | WILLisms.com | This Just In . . . »

Just . . . Wow . . .

The Dow Jones finished down 16 points today. But what a wild ride getting there.

Update: Well apparently, hotlinking a chart from Yahoo! gets you delayed quotes!

So far, the market seems to be doing well.

*DOH!*

Posted by Ken McCracken · 16 August 2007 08:01 PM

Comments

This of course it the type of movement that just kills people with margin accounts.

Posted by: Fred Fry at August 16, 2007 09:24 PM

Too true. They get a margin call, then *DOH!* the market comes back.

That's gotta hurt.

Posted by: Ken McCacken at August 16, 2007 09:54 PM

It ain't over .... this situation has all the experts saying ,"golly, I never saw anythinng like this before" Now if that doesn't instill confidence in the market.....

Plus the hedge funds have no idea where they are.

And we're lurching toward October.

Posted by: Habu at August 16, 2007 10:25 PM

If you think of the Dow as a stock trading at 130, these movements up and down to 127 or 135 don't look so alarming. Even less if you think of it as a mutual fund trading at 13.06. Our perception is skewed because 90% of the bottom of the graph is cut off. Short-term movement is only important to people who are in and out of the market.

Posted by: Assistant Village Idiot at August 17, 2007 09:06 AM