Stock Market DROPPING today. 9:59 -120.3

Renew Deal

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 08:52 AM
Original message

Stock Market DROPPING today. 9:59 -120.3

Edited on Mon May-17-04 08:59 AM by Bleachers7

Dow 9,892.57 -120.30 (-1.20%)
Nasdaq 1,873.85 -30.40 (-1.60%)
S&P 500 1,082.32 -13.38 (-1.22%)
10-Yr Bond 4.710% -0.078

http://finance.yahoo.com/

Hold onto your hats (or your wallets).

Printer Friendly | Permalink | | Top

Walt Starr

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 08:56 AM
Response to Original message

1. It's taking HUGE dump

Looks like Iraq has turned into a shit sandwich and all investors are going to have to take a bite of it.

Printer Friendly | Permalink | | Top

nostamj

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 09:00 AM
Response to Original message

2. world markets were WAY down

biggest losses in the history of their markets.

it's not just Iraq/US

here's the DOW. this chart will update with refresh.

Printer Friendly | Permalink | | Top

underpants

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 09:09 AM
Response to Reply #2

4. ON EDIT_ INDIAN market bottom fell out (10% drop) trading stopped

Edited on Mon May-17-04 09:22 AM by underpants

Yikes this is getting scary.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=560060&mesg_id=560060

Printer Friendly | Permalink | | Top

ComerPerro

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 09:07 AM
Response to Original message

3. I wonder what they will say to rationalize this

It always floors me how the pundits rush to praise Bush when the market performs decently, but when it tanks they blame anything and everything other than Bush. They talk about how the war is making the market unstable, and how the economy is recovering but still shaky.

Sorry, but it doesn' work both ways. Besides, they can blame the war for the economy if they want, but it doesn't change the fact that Bush started a pointless, unnecessary war.

Printer Friendly | Permalink | | Top

Mattforclark

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 09:33 AM
Response to Reply #3

8. It's Sonia Ghandi, not George Bush

They are afraid that she will be less "business friendly" than Vajpayee. Hence, the world markets are crashing.

Printer Friendly | Permalink | | Top

Walt Starr

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 09:11 AM
Response to Original message

5. It's a frikkin' free-fall

Down 142.87 @ 10:10 AM EDT, and there are hours and hours of trading to go. Decliners outnumber Advancers nearly 5:1!

Printer Friendly | Permalink | | Top

supernova

(1000+ posts) Send PM | Profile | Ignore

Mon May-17-04 09:17 AM
Response to Original message

6. Government fears hit India shares

I woke up this morning hearing about the India markets wondering if it would ricochet over here in the US. *sigh*

Government fears hit India shares

Mrs Gandhi is expected to be sworn in within days
Indian shares have recorded their biggest-ever fall in a single day's trading amid fears the new government could stall economic reform.

The Bombay Stock Exchange plummeted more than 700 points, a 15% drop, before recovering slightly.

more:

http://news.bbc.co.uk/2/hi/south_asia/3719833.stm

Printer Friendly | Permalink | | Top

sjr5740

(144 posts) Send PM | Profile | Ignore

Mon May-17-04 09:31 AM
Response to Original message

7. Must be that damn same sex marriage

Hell in a handbasket :evilgrin:

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Thu May 09th 2024, 05:35 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.