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Approaching the close, the Dow is UP 540 and still rising.

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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:44 PM
Original message
Approaching the close, the Dow is UP 540 and still rising.
Up and down and up and down goes the Dow. Guess it'll find a place to settle eventually for a while.
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Tommy_Carcetti Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:46 PM
Response to Original message
1. Well, of course. It's an odd numbered day.
The Dow is always up on Odd numbered days!
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:46 PM
Response to Reply #1
2. LOL!
As good a theory as any, I guess.
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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:27 PM
Response to Reply #1
21. +7
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:48 PM
Response to Original message
3. Buy on Mondays and Wednesdays, sell on Tuesdays and Thursdays?
:shrug:

The market doesn't make a lick of sense. It has exactly zero to do with the performance of public companies.
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:49 PM
Response to Reply #3
6. I believe you're correct. That's why I'm out of it forever.
Interesting to watch, though.
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0rganism Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:48 PM
Response to Original message
4. playschool for day-traders
long on odd days, short on evens
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:49 PM
Response to Original message
5. This still isn't good news
These crazy swings are probably just about as bad or worse than if it would just drop a bunch and then slowly stabilize.

I don't like what I am seeing.

Don
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:50 PM
Response to Reply #5
7. I don't like or dislike it. I simply don't understand it from day to day.
That's why I'm just an observer and not a participant.
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:13 PM
Response to Reply #5
17. You do remember 1,000 point swings in one day...
during bush years, don't you? I think there were at least 2.
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:16 PM
Response to Reply #17
19. I do remember
I posted about it here and compared it to a bunch of people on a boat all of a sudden running from one side of the boat to the other.

Don
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:20 PM
Response to Reply #19
20. Now THAT was a whole lot of uncertainty.
:woohoo:
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sfpcjock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:50 PM
Response to Original message
8. Nice (if you're still in)
Some aren't by now, we assume. Yes, the "rise of the machines", as Ratigan calls it, is pumping and dumping at will to make a ton of micro-profits and bigger ones on rumors and deceptive S&P calls.

Yesterday a rumor suddenly appeared in the AM that the French bank that had trouble in 2008 was ready to collapse--furious programmed trading pumping/dumping ensued.
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:50 PM
Response to Original message
9. I'll never get it...
it dropped 600 that first day, and our local paper had three-inch apocalyptic headlines

now no one seems to really care other than the usual suspects
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:52 PM
Response to Original message
10. Corporate execs go on record insider buying spree
http://www.bloomberg.com/news/2011-08-11/insiders-buying-stock-at-highest-rate-since-march-09-as-s-p-500-drops-18-.html

big vote of confidence
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:53 PM
Response to Original message
11. And now it's lost 100 points in the last 10 minutes of trading and
still heading down. Profit taking for the day traders? See? It's too confusing and appears to have no connection with anything material.
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 02:55 PM
Response to Reply #11
12. And recovering a bit...
Too much tsuris, I think, for a guy like me.
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:00 PM
Response to Original message
13. And the final score is...
11,123.41
+403.47 (3.76%)
Aug 11 - Close
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:01 PM
Response to Original message
14. And adjusting for last minute trades...
11,139.07
+419.13 (3.91%)
Aug 11 - Close
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regnaD kciN Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:02 PM
Response to Reply #14
16. Meaning...
...it'll drop 700 points tomorrow.
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:02 PM
Response to Original message
15. some took their earnings at the end of the session....sent it back down a bit
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:14 PM
Response to Original message
18. I'd rather watch and oscillating wave...
it comes my heart rate.
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:29 PM
Response to Original message
22. Bargain hunting again. It will do this for awhile (back and forth).
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:30 PM
Response to Original message
23. i smell a rat n/t
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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-11-11 03:34 PM
Response to Original message
24. the usual ponzi pogo stick
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