STOCK MARKET TO OPEN -100 points in first hour?

yoda · #1 Postby **yoda** » Mon May 17, 2004 8:17 am

As seen by recent events, along with the Nasdaq values at -25.00, the stock market is expected to take a quick plunge or drop in the opening half an hour. I have heard some say the DOW may reach -100.00 within opening the first hour or so, before it levels off...

#2 Postby **wx247** » Mon May 17, 2004 8:35 am

DOW is down 100 points to 9912.10, or a change of -1%. Hopefully this will stabilize soon.

Website · #3 Postby **Brent** » Mon May 17, 2004 8:45 am

down 114 points now. :roll:

#4 Postby **wx247** » Mon May 17, 2004 8:47 am

Futures showed it down about -160.00. That should (hopefully) be the bottom.

dfuzz · #5 Postby **dfuzz** » Mon May 17, 2004 9:09 am

wx247 wrote:Futures showed it down about -160.00. That should (hopefully) be the bottom.

The sad thing is I just got back in the market two weeks ago. I hope we don't see 9000 before 11000 :eek:

stormraiser · #6 Postby **stormraiser** » Mon May 17, 2004 9:15 am

Yoda, just ride it out. It will turn around.

#7 Postby **wx247** » Mon May 17, 2004 10:07 am

Down only -79 points or so now.

TexasStooge · #8 Postby **TexasStooge** » Mon May 17, 2004 10:27 am

At the 10:00 Hour (Central time):

Dow 9,955.53 -57.34 (-0.57%)

Nasdaq 1,887.00 -17.25 (-0.91%)

S&P 500 1,089.33 -6.37 (-0.58%)

10-Yr Bond 4.707% -0.081

NYSE Volume 552,899,000

Nasdaq Volume 640,401,000

Quote data provided by Reuters

GalvestonDuck · #9 Postby **GalvestonDuck** » Mon May 17, 2004 10:38 am

News of the sarin seems to be sending it back up...for now.

#10 Postby **wx247** » Mon May 17, 2004 11:07 am

GalvestonDuck wrote:News of the sarin seems to be sending it back up...for now.

Why would that send the market back up?? Just curious. It would make me nervous as in investor to the instability in the region.

TexasStooge · #11 Postby **TexasStooge** » Mon May 17, 2004 11:12 am

As of 11:13AM (Central time):

Dow 9,933.17 -79.70 (-0.80%)

Nasdaq 1,884.60 -19.65 (-1.03%)

S&P 500 1,087.55 -8.15 (-0.74%)

10-Yr Bond 4.708% -0.080

NYSE Volume 660,823,000

Nasdaq Volume 756,273,000

Quote data provided by Reuters

#12 Postby **Stephanie** » Mon May 17, 2004 11:22 am

I'm glad that it didn't go down any further and actually rose 50 pts.

I would've thought the same thing Garrett, but we'll just have to keep our fingers crossed and hope for the best. Perhaps the investors are developing a tougher skin. I know I should - I'm not even going to take a look at my 401K for a while! :eek:

TexasStooge · #13 Postby **TexasStooge** » Mon May 17, 2004 11:29 am

As of 11:30AM CDT:

Dow 9,926.99 -85.88 (-0.86%)

Nasdaq 1,881.26 -22.99 (-1.21%)

S&P 500 1,087.90 -7.80 (-0.71%)

10-Yr Bond 4.709% -0.079

NYSE Volume 703,453,000

Nasdaq Volume 801,221,000

Quote data provided by Reuters

#14 Postby **wx247** » Mon May 17, 2004 11:31 am

uh oh... I bet people are selling off before noon and we will see an early afternoon rise before a big sell off this afternoon. It is one of those days when you don't want to be a day trader.

j · #15 Postby j » Mon May 17, 2004 11:35 am

I've looked at my 401k Steph, as I do every day. I have 80% in a small capital growth fund which went crazy in 2003. I've been reluctant to move it around but I'm seeing some pretty ugly numbers. The 4% guaranteed funds are looking mighty attractive now.

#16 Postby **Stephanie** » Mon May 17, 2004 11:52 am

I'm pretty well diversified in my 401k plan - 50/50 between stocks and bonds. I've been doing fairly well this past year and the bond fund has helped to prevent serious losses over the past two or three. I tend to re-allocate my money twice a year as well.

Garrett - you can never time the market. I think there's been reports on "day traders" that have pretty much said that they don't do any better than the average person who leaves their money in for the ups and downs.

TexasStooge · #17 Postby **TexasStooge** » Mon May 17, 2004 12:09 pm

Man, the stocks are plunging!!

As of 12:10PM CDT

Dow 9,920.61 -92.26 (-0.92%)

Nasdaq 1,879.27 -24.98 (-1.31%)

S&P 500 1,085.61 -10.09 (-0.92%)

10-Yr Bond 4.716% -0.072

NYSE Volume 787,785,000

Nasdaq Volume 879,955,000

Quote data provided by Reuters

#18 Postby **Stephanie** » Mon May 17, 2004 12:15 pm

Still not as low as when the market opened this morning, but that's not a good sign.

#19 Postby **wx247** » Mon May 17, 2004 12:25 pm

I was hoping that the worst would be the opening. Guess not!!!

Look for them dive sharply right before close.

TexasStooge · #20 Postby **TexasStooge** » Mon May 17, 2004 1:19 pm

As of 1:19PM CDT"

Dow 9,930.47 -82.40 (-0.82%)

Nasdaq 1,883.39 -20.86 (-1.10%)

S&P 500 1,087.13 -8.57 (-0.78%)

10-Yr Bond 4.700% -0.088

NYSE Volume 964,472,000

Nasdaq Volume 1,049,340,000

Quote data provided by Reuters

STOCK MARKET TO OPEN -100 points in first hour?

STOCK MARKET TO OPEN -100 points in first hour?

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