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Out of the gate, stock market plunges

Submitted by Michael Nystrom on Wed, 09/30/2009 - 08:58

Economy

http://bigcharts.marketwatch.com/

Dow down 127 (1.3%)
Nasdaq down 31 (1.45%)

10 AM ET

Why do you only

Submitted by truthy on Wed, 09/30/2009 - 10:42. Permalink

post this information when it's down and not when it goes up? I don't understand. All it's been doing is down up down up down up for months and months. Nothing newsworthy.

9,637.91 down -104.29 -1.07% 11:00 eastern time

Submitted by meekandmild on Wed, 09/30/2009 - 10:01. Permalink

Dow Jones Industrial Average Index 9,637.91 -104.29 -1.07% chart
Dow Jones Transport Average Index 3,762.73 -63.87 -1.67% chart
Dow Jones Utility Average Index 375.92 -4.35 -1.14% chart
S&P 500 INDEX 1,048.62 -11.99 -1.13% chart
S&P 100 INDEX 484.92 -5.33 -1.09% chart
S&P MIDCAP 400 INDEX 684.73 -10.31 -1.48% chart
NASDAQ 100 Index 1,699.16 -18.51 -1.08% chart
NASDAQ Composite Index 2,100.82 -23.22 -1.09% chart
NASDAQ Transport Index 1,911.17 -20.95 -1.08% chart
NYSE Amex Composite Index 1,756.66 -13.42 -0.76% chart
NYSE COMPOSITE INDEX (NEW METHODOLOGY) 6,859.81 -67.01 -0.97% chart
RUSSELL 1000 INDEX 575.32 -6.64 -1.14% chart
RUSSELL 2000 INDEX 599.44 -11.01 -1.80% chart
CME S&P Value Cash Index 503.28 -6.63 -1.30% chart
S&P CITIGROUP GROWTH INDEX 538.02 -5.32 -0.98%

dollar watching

Submitted by RiverRun on Wed, 09/30/2009 - 09:57. Permalink

It gave up 77.11. In the recent past this would have meant higher stock index numbers, but not today. Things are changing.

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http://FlipFlopRomney.blogspot.com

You can't lose with the Dow Jones

Submitted by alaney on Wed, 09/30/2009 - 09:34. Permalink

This game is so rigged, that maybe you can't lose, because the powers that be control it need you to keep winning, even though modestly. You've got 30 companies that comprise the Dow, and most of their stock prices are so low now, they are easily manipulated by stimulus money, which is enough to probably purchase all the common stock of most of the 30 companies. 70% of all trading action with these stocks is computer generated from one mutual fund to another. Just back and forth, over and over. A slight push up, and presto, you've got positive growth. Many of these companies don't even make a profit. If it weren't for the tricky book keeping and allowed reporting of financials, many would be in the tank. And, as a last resort, if a Dow component does go in the tank (i.e. AIG, GM) they are simply removed from the Dow index. You get the picture. P/E ratios? How can you justify buying a stock with P/E ratio of 100? The aggregate Dow P/E is over that.

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alan laney