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Blackout and the DOW - Frightday the 15th?

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twilight Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 08:44 PM
Original message
Blackout and the DOW - Frightday the 15th?
I was discussing this with others - they are concerned that the computers will be a real mess tomorrow after this blackout (if they are even up and running by then!).

Take a bet on this one - look for a MAJOR tank in the DOW tomorrow given this is looking to be a bit more than "just a blackout".

If it was another terror attack which is being so quickly denied on all levels (almost before it even happened!) - they must cover it up because otherwise, its bye bye *.

The whole thing literally stinks ...

and as usual * was in hiding and went *duh* just like on 9/11.

I smell a rat, and a very big one at that.

Any other speculative remarks?
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 08:48 PM
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1. I bet the usual daily patterns will be all screwed up...
Consider that traders might think that the power might go out again at any moment, so they won't want to count on selling off a sucker's rally in the afternoon (since there may be no electricity).
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HalfManHalfBiscuit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 08:53 PM
Response to Original message
2. NASDAQ futures already down
Predicting a low volume selloff. Shouldn't have much effect beyond tomorrow. A buying opportunity for swing traders, IMHO.

People are just overreacting to a power blackout.
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morstyranni Donating Member (194 posts) Send PM | Profile | Ignore Thu Aug-14-03 09:30 PM
Response to Reply #2
3. Hmmm. Maybe not.
Too much contingency in place now, maybe 10 years ago. It will be down though, at least in the AM. Start buying around 11:30.
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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 09:31 PM
Response to Reply #2
5. Bingo-- on the low volume selloff
We are at the tail end of the Summer doldrums anyway.

Wall Street will take a LONG weekend.
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VoteClark Donating Member (775 posts) Send PM | Profile | Ignore Thu Aug-14-03 09:31 PM
Response to Original message
4. Buy stocks in power suppliers and new technology
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