Thursday, May 6, 2010

Apparently I looked away too long.

The Dow Jones Industrials average just went nuts!  It was down 260 points from the opening bell, but in the half hour that I was searching data and typing my previous entry, the DJIA dropped an additional 400 points, in what looked like the cliff gave way in a sudden panic.  It has since gained most of that drop back, settling near 400 points down from the start of the bell, but high volatility frequently marks the last 30 minutes of the trading day, so I wouldn't be surprised if the DJIA ends up going for a downward run.


This Greece thing is apparently affecting the markets around the world, eh?

EDIT: Turns out, the market did recover halfway off its bottom for the day, but in the last 9 minutes before the close, it dropped 80 points. Tomorrow will be an interesting day.

EDIT#2: Could the big drop be a result of a trader's error? Craaaazy day! The market dropped briefly below 10,000, before it shot back up and recovered two-thirds of its losses for the day.

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