Old Project Avalon Forum (ARCHIVE) - View Single Post - Dow Futures Plunge 550 Points, Hit Sell-Off Limit

Steve_A · 10-24-2008, 06:42 PM

Hi Everybody,

We must all be scratching our heads by now, wondering why the DOW isn't taking a serious nosedive. It appears that somehow, somebody, somwhere doesn't want it to go too south of 400 points.

Also trading is unusually light with,until now not even 1 billion transactions taking place. Normallyit's three or even four times that.

I think I said in a message in another thread howone simple fleeting sentence can change the whole way we look at the picture.

I'm not saying that the DOW is being manipulated by the government but I found this little phrase very interesting:

"Treasury Secretary Henry Paulson is monitoring the markets and staying in close touch with market participants, a spokeswoman said."

You can read the complete article at this link:

http://biz.yahoo.com/ap/081024/financial_meltdown.html

Best regards,

Steve

10-24-2008, 06:42 PM	#20
Steve_A Project Avalon Moderator Join Date: Sep 2008 Location: Northeastern Brazil Posts: 1,259	Re: Dow Futures Plunge 550 Points, Hit Sell-Off Limit Hi Everybody, We must all be scratching our heads by now, wondering why the DOW isn't taking a serious nosedive. It appears that somehow, somebody, somwhere doesn't want it to go too south of 400 points. Also trading is unusually light with,until now not even 1 billion transactions taking place. Normallyit's three or even four times that. I think I said in a message in another thread howone simple fleeting sentence can change the whole way we look at the picture. I'm not saying that the DOW is being manipulated by the government but I found this little phrase very interesting: "Treasury Secretary Henry Paulson is monitoring the markets and staying in close touch with market participants, a spokeswoman said." You can read the complete article at this link: http://biz.yahoo.com/ap/081024/financial_meltdown.html Best regards, Steve