I think the market is finally comming to terms with the fact that the US has a dumbass spendthrift for a president... could be why the drop
Relax guys. Stupid threads like this make me want to buy the hell out of any dip. But sure enough, it's too late, spoos already rallied all the way back. Only down 3 now which is where they went out at the close. You people over react to everything.
My guess is a terrorism event within the next few days. Markets don't move for no reason. Someone knows something negative which prompted the dump/short. It could be anything but me thinks its a future event since no one seems to know what exactly caused the tanking. bird flu could also be a real possibility. Maybe someone got early word.
INDICTMENTS of Libby AND Rove to include a charge of also violating the civil rights of plane's husband, former diplomat Joseph Wilson... Another Grand Jury will also be requested to be assembled to go further into the investigation involving Cheney's rush to wage war based on fabricated evidence...RE: Aluminum tubes...reasons Bush gave in State of The Union Address etc.. Stay Tuned!
Gold blipped up about three bucks. NBD. Just my coins feeling frisky in the bank vault at midnight. They rub together and get excited.
the drop was due to rumors of GM declarinig bankruptcy (at least that was the talk in the institutional desks around the Asian region).