Sunday, October 12, 2008
The First 1000 Point Swing
Friday saw on Wall Street a "first". It was the first time ever that the Dow Jones Industrial Average swung over 1000 points in a single trading session. What can this tell us? Well it shows us how irrational investors can be. In a single day sentiment on the market swung so wildly that a fortune could have been made on the spread.
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