what's happening?

[jetbird]

The S&P closed below it's 200MA. That may have spooked some.

 

[rateesquad]

It will explain why DOW tanked, but what about Nasdaq and S&P they both started to go down around 2:15-2:30?????????

 

[shortlong]

Quote from hellomarket:

very insightful comments as usual

If you want to learn something read this: www.elitetrader.com/vb/showthread.php?s=&threadid=68792&perpage=6&pagenumber=1

 

[just21]

There is a new Osama audio tape according to the BBC news.

 

[riskarb]

Please, bird flu and Osama? Limit down is a distinct possibility tomorrow.

 

[rateesquad]

Actually here is the explanation why ES tanked after the hours.



http://biz.yahoo.com/ap/060523/wall_street.html?.v=19

 

[rateesquad]

oohhhhhhhh................come on there is no way that those minor fundamentals can bring the market down so much..... since 2 weeks ago.

 

[just21]

http://today.reuters.com/news/newsA...1_L23145974_RTRUKOC_0_US-ATTACK-MOUSSAOUI.xml

 

[Ebo]

Yeah, Yeah that's the ticket....OIL prices!

Oil was down almost 1/2 a buck from the Reopen of QM until 4:15!

Nice try.

 

[rateesquad]

fine what about this one???


http://biz.yahoo.com/rb/060523/markets_stocks.html?.v=10



and actually about oil.


http://biz.yahoo.com/rb/060523/markets_commodities.html?.v=3