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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (26449)4/15/2000 6:08:00 PM
From: RJL  Read Replies (1) | Respond to of 42523
 
Scope out the intraday action on the Dow for the week of Oct 12-16, and the 19th-20th:

chart.yahoo.com

Dow lost about 100 points for the day, but had a bounce from the lows. Very similar action to now.



To: patron_anejo_por_favor who wrote (26449)4/15/2000 6:28:00 PM
From: IceShark  Read Replies (1) | Respond to of 42523
 
Hey Bub, I closed out all my shorts on the 16th. And kept my longs in place. have the confirms framed to remind me how stoopit I am.

That day was not all that Black compared to what happened the next week. -ng-



To: patron_anejo_por_favor who wrote (26449)4/15/2000 6:33:00 PM
From: RocketMan  Read Replies (1) | Respond to of 42523
 
What I remember back then, at least in the days/weeks following, is that people were very worried about a credit crunch. The average person was not invested in stocks, but there was a worry that the banks would collapse and all the loans, including mortgages, would be called. Of course, the memory of the 70's credit crunch was still on everyone's mind.


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