How much will stocks change Monday?

[janswizard]

So what happened? I thought most of you expected the market to soar today?

[ColdFront77]

That was the general consensus after Saddam was captured. Makes sense for the forecast of a sharp rise; but didn't take place.

The tech-heavy NASDAQ's percentage drop was 8.3 times higher than the Dow Jones Industrials.


Dow closed down 19.34 (-0.19%) to 10,022.82
Nasdaq closed down 30.74 (1.58%) to 1,918.26
The S&P closed down 6.10 (-0.57%) to 1,068.04

[weatherlover427]

Why did they fall? I thought they would rise? :-?

[blizzard]

My vote was for a small decrease or no change. I just don't think that the capture of Saddam is that big of a financial deal. What did we gain financially for this?

[Guest]

This goes to show you - that the country is still struggling financially. In prosperous times an event like this would of showed a gain - but the economy is still struggling and not out of the woods. I think we still have a long ways to go until we are in financial stabliity.

[Stephanie]

Personally...I'd rather see slow steady growth.

I agree there, it seems that everytime we see large jumps, they always seem to jump back the other way again soon afterwards. A slow, steady growth is better for most investors, since they tend to leave there money sit. When you start buying and selling with the rise and fall, eventually you will probably get burnt (novice traders) that is.

If there is a large spike today or in the following days, there will be profit taking soon after.

I never did vote in the above poll but I probably would've selected the 1 - 499 points. They did say that there was profit taking after the original spike. I would've thought we'd see the spike yesterday and a dip today. I think that people are being cautiously optimistic but as Ticka mentioned, the country is still struggling financially, though there have been signs of improvement.

[mf_dolphin]

Looks like we have some solid gains after yesterday's profit taking. 106 pts WoooHoooo