Dennis, it's a rollercoaster! The market is still struggling to find its bottom. I think that a weekend off will be good for the market.
- Robert Scoble
The way things have gone, I wouldn't be getting too excited just yet. I feels like one blow after another.
- Greg Gannicott
Can you say "we don't know which way we really want to go"?
- Alex Scoble
Its a head fake. Better then any move Jordan or Pippin ever gave.
- Greg
No, it's profit-taking from the shorts, the drop will resume afterwards.
- Prolific Programmer
Don't take this the wrong way, Robert, but read the history of major market downturns. When there's this much volatility, we haven't hit bottom. Big meetings over the weekend, IMF, World Bank. If I were a betting man, I'd say Monday will gap down ugly. More volatility. A rally or two. But trending down until the volatility works itself out of the market.
- Chris Kenton
from twhirl
Anyone for a bet that this isn't the bottom? Look at the companies leading the charge and look at today's losers. Energy and Utilities down 4%
- Steven Cains
The volume of trades is staggering. 500m shares on Dow, 3 billion! shares on NASDAQ (that's almost 30 times normal volume for NASDAQ)...a lot of money is changing hands out there
- Alex Scoble
Chris: I am still predicting more downward pressure. We haven't seen earnings reports yet and I'm expecting them to be brutal.
- Robert Scoble
Wow, did Bush say the right thing for once?
- jcunwired
The market is bouncing up and down around break even point right now
- Alex Scoble
Jody: No. This was hours after his speech.
- Robert Scoble
And Robert, the market has already factored in a lot of the fallout from weak earnings in this mess.
- Alex Scoble
Now if it will just bounce up to where it was on Wednesday, we'll be getting somewhere.
- Jason Wehmhoener
It's wild too watch has come off a bit but holding up pretty well
- Trevor Cook
Yeah, Nasdaq is still up a little on the day. It's not bouncing around nearly as much.
- Alex Scoble
This volatility is incredible. Wall Street has absolutely no consensus on which direction it should be moving.
- Geoff Schultz
S&P 500 still hasn't made it into positive territory. The swing will continue until it does.
- jcunwired
You spoke too soon! It's back down again!
- LarchOye
from twhirl
Darn you, Scoble for being positive, let them have their misery! Bahahaha
- Mike Lewis
Alex: I'm hoping that's the case, but I don't think we have good enough visibility into what those earnings reports will be yet.
- Robert Scoble
Google is showing down just over 100 now.
- Alex Scoble
Google will show price changes for another 15-20 b/c of the lag behind the market.
- FFing Enigma (aka Tina)
Google switched over to real-time stock quotes a couple months ago.
- Brian Newman
It still lags behind the market a bit, Brian, I think because the trades on the Dow have to be entered in manually still. Now showing down by 112. NASDAQ still showing up by 4
- Alex Scoble
The disclaimer on finance.google.com says " Delayed at least 15 minutes unless otherwise indicated."
- FFing Enigma (aka Tina)
i think the catalyst for this upswing is termed "a three day weekend"
- Terence
* Real-time price data represents trades which execute on the NASDAQ and NYSE exchanges. Volume information, as well as price data for trades that don't execute on those exchanges, are consolidated and delayed by 15 minutes (NASDAQ), 20 minutes (NYSE). http://www.google.com/help...
- Brian Newman
Looks like it might have actually been an up day for my investments. Looks like Dow's final number was down 128.
- Alex Scoble
It was very cool. I bought into AAPL again at 91.86 at 9:30 this morning. Not too bad.
- Louis Gray
Yup, it's official. Dow down 128. NASDAQ up 4 and S&P down 10.
- Alex Scoble
what a roller coaster of a day for the DJIA!! Louis got a nice bargain on that apple share price!
- Susan Beebe
Is it possible to have financial whiplash?
- Steven Perez
Great day for the day-trader eh? ;-) Weeeeeee!!!
- Jesse Stay