NEW YORK (AP) -- The Dow Jones industrials plunged below 10,000 Tuesday as traders turned away from stocks amid worries about the global economy and tensions between North and South Korea.
The Dow fell 206.51, or 2.1 percent, to 9,859.76. It closed at 10,066 on Monday and has fallen 1,346 points, or more than 12 percent, from its recent high of 11,205, reached April 26.
Me too. fwiw I'm optomistic. Noticed that none of the mkt's major indexs had experienced any organized or orderly test of Feb's low's and the levels of the flashcrash didnt count except to act as a magnet for that orderly downtrend since it reached those exact feb low points. We outlast the day and then its my suggestion we stablize and regroup.
All the noise of any issue involving Euro/Europe/US govt/Koreas/Oil spill/etc has been shouted from the rooftops of every fkn MSM for almost 2 solid weeks and helping to make this happen. Be interesting to see if their cries of "fire" temper in next 48 hrs. Hell I was pleasantly suprised we were only off 127 yday w/ all the "baaad" news. .
Meanwhile i'm using dry powder to trade any bounces, CREE for ex.
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