I can't imagine that this DOW facade can continue much longer. Can you?

-- marketwatcher (stocks@bonds.etc), November 09, 1999

Answers

This post is silly. I can appreciate the heads up but a 100 point drop is normal. Now, if the stock market would drop 2000 points in a week that would be different. However, even then you could argue that it is a slight correction.

May god watch over all of us. Always...

-- STFrancis (STFrancis@heaven.com), November 09, 1999.

I'm no market whiz -- but a 1% wiggle in the Dow is truly trivial.

-- Tom Carey (tomcarey@mindspring.com), November 09, 1999.

Tom:

From reading here, I see that a 1% drop is "tanking", while a 1% rise is an insignificant fluctuation on the way down. The market is just about where it was 8 months ago, and somewhere much closer to yearly high than yearly low. Yet another case of interpreting neutral to positive information very selectively as an indicator of doom. If people can't see they're doing this with simple numbers, how can they see they're doing the same thing with all of the y2k complexity?

-- Flint (flintc@mindspring.com), November 09, 1999.

The stock market is being fueled by an enormously powerful mania of optimistic speculation. Tomorrow the UPS IPO will go bonkers!

-- Randolph (dinosaur@williams-net.com), November 09, 1999.

The Dow represents 30 blue chip stocks.

The NASDAQ is a much broader market of large and medium sized, technical type companies.

The NASDAQ keeps hitting record highs. Do the math.

The end aint here, find something else to obsess over.

-- . (.@...), November 10, 1999.