Russian Crisis - Is it a buying opportunity? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wallace Rivers who wrote (29)	8/30/1998 8:46:00 PM
From: Jeffrey L. Henken	of 175

Less than a year ago this was the scene on Wall Street: Market Features: Dow Down 550, Second Halt Ends Trading Early By Justin Lahart Staff Reporter 10/27/97 3:40 PM ET The stock market closed early today. For the first time ever, the Dow closed down 550 points. The stock market would've halted trading for an hour, but with the close less than an hour away, stocks simply stopped trading. The trading halt rules, recently changed, call for a half hour halt at 350 points up or down and a one hour halt at 550 points up or down. The half hour halt ended at 3:05. It took the market 25 minutes to burn through another 200 points. The trading halted at 3:30 p.m. On the floor, traders said the 30 minute halt did little to soothe frayed nerves. Sentiment is terribly negative and traders do not know where the bottom really is at this point. According to hedge-fund managers, brokers are calling seeking bids, but none are forthcoming at the present time. TheStreet.com will have continuing, extensive coverage of this stock market dive. That was the bottom then. The DOW chart is looking real similar to me today. quote.yahoo.com^dji&d=b Draw your own conclusions. Regards, Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next