Dow closes below 10,000 for first time in 3 months
Submitted by meekandmild on Mon, 02/08/2010 - 16:33
in
2/8/10 DOW close 9,908.39 -103.84 -1.04%
Previous Close 10,012.23 Volume 216.27 Mil
Open 10,005.43 52 Week High 10,729.89
Day's High 10,028.56 52 Week Low 6,469.95
Day's Low 9,904.09
NEW YORK – The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
The Dow, down almost 104 points, had its 10th triple-digit move in 16 trading days. Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses.
continued
http://news.yahoo.com/s/ap/20100208/ap_on_bi_st_ma_re/us_wal...
2/9/10 Dow 10,058.64 +150.25 +1.52%
Previous Close 9,908.39 Volume 236.21 Mil
Open 9,910.28 52 Week High 10,729.89
Day's High 10,139.43 52 Week Low 6,469.95
Day's Low 9,910.06
This is it!
Goodbye 10,000. It was nice knowing you.
I watched your first post calling this.
My father and I bet on crap like this every year.
His bet for the year was closer to your call than mine.
He never loses.
So don't feel bad. The actual extent of the manipulation is amazing.
:)
{Edit 02/09/2010... Dow at 10,112. See what I mean?}
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
China Buying
The Chinese main investment fund is buying up US stocks while they are chaep. (dump dollars for tangibles)
Asset bubbles?
Everything else has had asset price bubbles, why not gold?
-alw
Easy answer.
This isn't about the purchase power of gold.
This is the price of gold in USD.
The only bubble here is the USD.
Where do you think that's gonna go....
up?
Heh.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Metals down during the
Metals down during the treasury auctions, which ended around 12pm, but even if gold hadn't turned down at that point, metals have been seeing big take downs lately amidst fake strong dollar news, causing more people to buy treasuries. Many auctions this week, three tomorrow.
updated
updated
And metals held up well despite the stock market decline.
Somebody is buying out there, and it isn't stocks.
Metal Bid Ask
Gold $1,063.70 $1,064.70 up $10.90
Silver $14.99 $15.04 up $0.18
Platinum $1,466.40 $1,476.40 ($1.70)
Palladium $405.80 $410.80 up $9.60
Updated:2/8/2010 3:38:30 PM CST