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Can anyone explain why this activity wasn't reflected in the stock market? The DOW had a +400 point gain on Sept 18th.
by jah 18y ago
Can anyone explain why this activity wasn't reflected in the stock market? The DOW had a +400 point gain on Sept 18th.
- pj 18y agoThe money was coming out of money market accounts. If the DOW went Up 400 pts, perhaps the money was going /from/ money markets and /to/ the market.
- jah 18y agoIf true it certainly highlights the paranoia of the day. Keep in mind, the DOW lost approximately 800 points in the three days preceding Sept 18th. Were investors in such fear of a banking collapse that they chose to divert funds from "secure" money markets to the insanely volatile stock market?
- jaaron 18y agoThe DOW is a horrible measurement of what's going on in the economy. Don't use it.