Bankruptcy

Dow Falling

By mcbride

At one point, the Dow fell almost 1,000 points while creeping back ?up? to a loss of only about 450 points.  The papers are blaming the riots in Greece, but there are many studies which show that sometimes the same event will be blamed for a loss in a market and credited for an increase on another day.  The markets are driven by the public?s mood, not by events, according to the folks at Elliottwave and author David Prechter.  They predict that while the markets will bounce around (the Dow may be up tomorrow), the long term prediction for the Dow and all markets for that matter is way down. 

 Here is a link to one story on today?s market: http://finance.yahoo.com/news/Stocks-extend-plunge-on-apf-892184148.html?x=0

 Michael

Full post as published by Texas Lawyer Blog on May 06, 2010 (boomark / email).