What turned the DOW around? n/t

[Subdivisions]

[marmar]

1. Bernanke's koolaid and lower oil prices......but let's see how long it lasts.

n/t

[hatrack]

2. PPT - a little Fairy Dust . . .

It won't hold.

[scheming daemons]

3. At this point, my 401K says... who cares?

Turn that fucker around.

[SoCalDem]

13. We got our statement yesterday..and I accidentally opened it..

We promised to not open them since we lost money last quarter.. we were UP..:shrug: this time.. whodathunkit..made up for the loss last time and ended up a little ahead ..I'm not complaining..just doing a happy dance

[exothermic]

4. Around from what? It's down 60 for the day right now

:shrug:

[marmar]

5. IGNORe this, as soon as I posted -27, it dropped back into the 60s....

:shrug:

[exothermic]

7. CNBC ticker is showing minus 70 right this second

:shrug:

[marmar]

9. Yup. The Market Watch ticker is slower than the CNBC one.....

n/t

[exothermic]

8. Now -82...dropping like a simonized anvil since Chimp's babblefest

:scared:

[Mira]

6. Up from more substantial lows -like down-180

[Subdivisions]

11. It was down -210. That's a turnaround. n/t

[Tab]

10. Turned it down, or turned it up?

It was expected to open some 200 points down (and I believe it did) based - I think - on the report of the worst inflation in 27 years, coupled with all the other financial anxieties.

It's been going up again, now that the dust is settling and traders are getting over their chest pains. Still not a good financial situation, regardless.

[dkf]

12. Oil down as some bank selling to raise liquidity.

per CNBCs Sharon Epperson.

[orwell]

15. But that can't be...

...because speculators have nothing to do with the high price of oil.

Those smart men on the TV told me so...

[Jacobin]

14. Its down 180 points at 10:45 this morning

AP
Stocks drop again amid fears about financials
Tuesday July 15, 10:44 am ET
By Madlen Read, AP Business Writer
Stocks extend losses amid worries about financials, Bernanke's remarks about the economy

NEW YORK (AP) -- Stocks were knocked lower again Tuesday as investors grappled with escalating instability in the financial sector and sobering comments from Federal Reserve Chairman Ben Bernanke. The Dow Jones industrial average fell about 180 points.


Bernanke told Congress the U.S. economy is faced with "numerous difficulties," such as strains in financial markets, a shaky job market and ongoing weakness in the housing market. These difficulties -- which are persisting despite the Fed's massive interest rate cuts and expanded lending efforts -- represent "significant downside risks" to economic growth, the Fed chief said.