| Author |
Message |
magoo (Magoo)
Advanced Member
Username: Magoo
Post Number: 3750
Registered: 2-2001
| | Posted on Wednesday, December 11, 2002 - 3:59 pm: | |
Willam I like that. It's a keeper. |
Francisco J. Quinones (Frankie)
Junior Member
Username: Frankie
Post Number: 98
Registered: 8-2002
| | Posted on Tuesday, December 10, 2002 - 1:51 pm: | |
nuts???wha??? |
William H (Countachxx)
Intermediate Member
Username: Countachxx
Post Number: 1637
Registered: 2-2001
| | Posted on Tuesday, December 10, 2002 - 10:51 am: | |
Self sealing nuts?? LOL is that like loony people who lock themselves in their homes ? |
magoo (Magoo)
Advanced Member
Username: Magoo
Post Number: 3719
Registered: 2-2001
| | Posted on Monday, December 09, 2002 - 10:32 pm: | |
This market is as scary as a new colt. Lowering intrest rates didn't help either. It got a lot of people in trouble getting home loans at 5 to 6% and now they can't afford to live in the bigger homes with the other expenses such as taxes, utilities etc., thus repossesions are up dramaticly. |
Dave328GTB (Hardtop)
Member
Username: Hardtop
Post Number: 329
Registered: 1-2002
| | Posted on Monday, December 09, 2002 - 4:51 pm: | |
Actually, this reason is as good as any I have heard for market movements up or down.
Dave |
JRV (Jrvall)
Member
Username: Jrvall
Post Number: 327
Registered: 11-2002
| | Posted on Monday, December 09, 2002 - 3:38 pm: | |
NEW YORK (Dec. 9) - VWag is being blamed for todays mass exodus of cash that put investors in a black mood Monday, sending stocks sharply lower and the Dow Jones industrials down more than 170 points.
The Dow slid 172.36, or 2 percent, to close at 8,473.41, having fallen 2.8 percent last week to snap an eight-week winning streak. Blue-chip stocks have now declined in the last six of seven sessions to a level not seen since Nov. 13.
The broader market also fell. The Nasdaq composite index declined 55.33, or 3.9 percent, to 1,367.11, also the lowest since Nov. 13. The Standard & Poor's 500 index dropped 20.23, or 2.2 percent, to 892.00.
Analysts said many investors were removing cash from the markets to buy huge quanties of self-sealing nuts while supplies last. Nervous about the United Nations' search for a larger supply of Self-Sealing Nuts put investors on edge reported Stanley Dusseldorf of Harrigan, Barnes & Smedley, overseeres of 100 Billion in self sealing nut futures.
''The market is still in a malaise,'' said Charles Pradilla, chief investment strategist at SG Cowen Securities. ''You inject the recent news of panick buying in self-sealing nut futures into a market still in the process of taking profits, and you get this real choppy action.''
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