Did they overdo it after hours?

"I know its the end of the USA and all that, but this thing looks oversold in light of this afterhours madness..."

not only the usa but the entire universe-you are so naive! .:p


ibm may be an interesting bounce as it had great news and gapped up +10 yesterday...however hi dollar stocks like that can drop multi pts in a blink of the eye.
 
Quote from dsq:

"I know its the end of the USA and all that, but this thing looks oversold in light of this afterhours madness..."

not only the usa but the entire universe-you are so naive! .:p


ibm may be an interesting bounce as it had great news and gapped up +10 yesterday...however hi dollar stocks like that can drop multi pts in a blink of the eye.


Perhaps IBM will sell the entire global services business to Wipro and become a $50 Billion dollar company (with 30% margins) overnight
 
Definitely overblown. Yes, Intel is feeling a little pain from a slowing economy, but sales jumped 51 percent for goodness sake. Gross profit margin also improved.
 
Quote from Asparagus:

I know its the end of the USA and all that, but this thing looks oversold in light of this afterhours madness...

maybe i'm just cranky because i tried to go bottom fishing at the close ;) still, i bet we open at better levels than 1375 (SnP futs) tomorrow morning.
11:30PM ET from Bloomberg:
All world indices = in the RED
All world futures = in the RED

...from -2% to over -3%.

Yowza!
 
Quote from Nanook:

11:30PM ET from Bloomberg:
All world indices = in the RED
All world futures = in the RED

...from -2% to over -3%.

Yowza!
2:00 AM
Now a few more than -4%~~~
 
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