What happened? This is what happened.
You got your 'program trading' nonsense,you still got little Brazil hanging out there,then you got your fatigue factor and the damn day traders,see.
Now if you don't trade you shouldn't concern yourself with the daily ups and the downs,besides Dell was up over $3.00 bucks today and tomorrow we get the 2 bucks back most likely.Damn I am talking like a 'pundit' now,pardon me but I am neither a 'pundits' nor a 'guru' so just ignore me as I have no idea what the hell I am talking about.
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Wednesday January 20, 4:01 pm Eastern Time
Dow Industrials turn negative late in session
NEW YORK, Jan 20 (Reuters) - The Dow Jones Industrial Average turned lower late in the trading session Wednesday, as computer driven sell programs helped knock the blue chip index off its earlier highs.
At 1540 EST/2040 GMT the Dow Jones Industrial Average fell 26 points to 9328.
The Nasdaq composite index, which is still trading in record territory on the back of strength in technology stocks was off its earlier highs, trading up seven points at 2415.
''In addition to some profit taking, there seemed to be some concerns over Brazil and some technical selling once we dropped through some support levels,'' said Bill Meehan, chief market strategist at Cantor Fitzgerald.
The New York Stock Exchange lifted index arbitrage trading curbs at 1519 EST/2019 GMT when the Dow showed less than a 25 point gain.
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