And please dont say more buyers than sellers. I am wanting to know about what "information" led to this?
Also , how come there are always these reports or who said what or "something happening" that changes things?
Are these really viable?
2007-03-01 06:20:27 · 6 answers · asked by Anonymous in Social Science ➔ Economics
Supposedly it's due to an "upbeat assessment of manufacturing activity" (link below), but I think it's just a natural correction of an oversized drop that occurred earlier in the week.
2007-03-01 06:24:37 · answer #1 · answered by Investor 2006 3 · 1⤊ 0⤋
The DOW is not indicative of anything except stockholder emotion.
If you look at the company's listed on the DOW you have to scratch your head and wonder how they are indicative of the economic status of the country. Anything and everything affects the stock market. If you follow the news, then look a the DOW you can see fluctuations in the market based on world news. For example, every time the news reports on Kim mentally IL Jung and his nukes the market dips. When the new Federal Reserve chairman speaks the market "holds its collective breath" waiting for interest rate adjustments.
Every analyst has an OPINION about why it happened. And you know what they say about opinions!!!!
2007-03-01 06:40:27 · answer #2 · answered by Sarge1572 5 · 0⤊ 2⤋
The "Shanghai Sneeze"...
The Dow dipped because China dipped. Then while stocks were cheap, people bought them all back up at bargain prices.
2007-03-01 06:33:46 · answer #3 · answered by Kilroy 4 · 0⤊ 0⤋
A 400 point drop made the market more viable.
Lower prices equal more trades.
2007-03-01 06:28:38 · answer #4 · answered by hunterentertainment 3 · 0⤊ 0⤋
Good values out there right now.
2007-03-01 06:28:21 · answer #5 · answered by jaypea40 5 · 0⤊ 0⤋
usually new or innovative products that are sure to sell big are on the table.
2007-03-01 06:25:08 · answer #6 · answered by Anonymous · 0⤊ 1⤋