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Dow on it's fifth 400-point swing

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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 12:31 PM
Original message
Dow on it's fifth 400-point swing
in the past 24 hours.

How can anyone possibly play that?
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 01:16 PM
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1. Volatility will be the norm for awhile.
Individual investors should sit tight unless you know of a stock you can get a quick 4 or 5 pt. spike.
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lpbk2713 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 01:21 PM
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2. Obama's speech was televised around noonish.




What he had to say was highly motivating. It may have had an influence.




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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 01:30 PM
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3. right, nobody should play that - every hour is a twister
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KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 01:39 PM
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4. Oh crikey.
After enough of those kinds of back-and-forth swings, it usually goes in one direction -- straight down. :scared:
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NeedleCast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-08-08 01:40 PM
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5. People who play it are likely to get burned
People who have invested in it and do nothing, or buy, are likely to end up in good shape in the long.
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