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Which way is the stock market headed today?

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Old Sep 17, 2001 | 03:02 AM
  #1  
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Default Which way is the stock market headed today?

which way is the market going? I just saw that some of the airlines are laying people off due to only running at about 50% of their normal flights.

My guess is the market remains strong for a day or two, then down.? (i have no idea, and I am only guessing)

any guesses.

Scot (i don't have any $ to play with individual stocks anyway)
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Old Sep 17, 2001 | 04:56 AM
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Just a guess but since the SEC lifted alot of regulations I think you will see businesses buying their own shares back at inflated prices for a few days. Making the market go up and then a steady decline. I'm hoping it goes up and stays up.
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Old Sep 17, 2001 | 06:11 AM
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At 10:06 AM, it's down 540 points. I guess its foreign investors that are killing the market. Did anyone short today?
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Old Sep 17, 2001 | 06:16 AM
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Is it just me...or are there a lot of STUPID day traders and stock brokers out there? Why wouold anyone sell stock today knowing the market is on the "edge" after last week? Has anyone except me heard the addage "buy low, sell high" not "buy and sell at the first sign of trouble"...WTF?

OK...my rant is over.
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Old Sep 17, 2001 | 06:38 AM
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Ouch. My Boeing is down 18%. I'm really disappointed in investors right now. Shame on anyone that's selling.

BTW, the FBI is looking for people that shorted today.
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Old Sep 17, 2001 | 06:46 AM
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Last I heard, curbs were in place to stop trading a little while ago..

The Fed also lowered interest rates by 1/2 a point...didn't seem to do much, but that's hard to say.

I bet the market will end up about even or a little lower by the end of today. There will be some panic selling, but once that settles down, it'll be alright.

It's a huge buying opportunity...
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Old Sep 17, 2001 | 06:54 AM
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10:50 AM EDT and climbing. C'mon people. Go get those bargains shares, especially BA and keep those airlines afloat!!
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Old Sep 17, 2001 | 06:54 AM
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i definately see the market going up in the near future...war always means big business and if we go into war we could see some nice time of prosperity...but then that always leads to the after war recession...the two go hand in hand
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Old Sep 17, 2001 | 07:08 AM
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down 500+ points at 10:45ish.... That isn't what the country needs..... I wish I had some "bargain hunting" money!

Scot
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Old Sep 17, 2001 | 07:16 AM
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11:00 am ... still below the open but headed upwards.
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