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What just happened in the market?

Posted on 2/5/14 at 9:18 am
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/5/14 at 9:18 am


Sorry for the small image, but the Dow was down about 60 points, only to go green for a moment, then go right back down 60 points. Did Russian dump at the bell, buy back, and then dump again?
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 2/5/14 at 9:18 am to
quote:

. Did Russian dump at the bell, buy back, and then dump again?
Yes.


Posted by Lsut81
Member since Jun 2005
80089 posts
Posted on 2/5/14 at 9:20 am to
quote:

Did Russian dump at the bell, buy back, and then dump again?


No, he just farted... All is well
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/5/14 at 9:21 am to
Seriously though, Yahoo had this breaking news:

LINK

It seemed to go up, then right back down. I know the machines have certain triggers and a fake tweet from the AP can send the market in a tailspin, but any idea what it could have been this time?
Posted by Lsut81
Member since Jun 2005
80089 posts
Posted on 2/5/14 at 9:25 am to
Doesn't bother me... I'm buying on the way down

May throw some more into my Vanguard account today just as I did yesterday.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/5/14 at 9:26 am to
quote:

Doesn't bother me... I'm buying on the way down


Yeah, it doesn't bother me either. Just more of a teaching type thing for me. Trying to understand it.
Posted by Lsut81
Member since Jun 2005
80089 posts
Posted on 2/5/14 at 9:28 am to
quote:

Trying to understand it.


I gave up on trying to understand it

Everytime I bought individual stocks... except for V, it subsequently tanked.

I've stuck recently to just contributing to throw money into my Vanguard accounts
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/5/14 at 9:33 am to
quote:

I gave up on trying to understand it


Probably the best way to go about it!
Posted by Lsut81
Member since Jun 2005
80089 posts
Posted on 2/5/14 at 9:43 am to
quote:

Probably the best way to go about it!


Dont get me wrong, I would LOVE to understand it and be able to actively trade... But I am nowhere near book smarts. I cant sit and study things, I have to be hands on.

Book Smarts = 3
Street Smarts = 9
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 2/5/14 at 9:54 am to
Companies added fewer workers than expected in January per this morning's ADP report, which has obviously more than offset the slightly better than anticipated read from ISM's non-manufacturing survey also released this morning.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 2/5/14 at 10:53 am to
BTFD and then STFR (Sell the F rip). Gonna be the pattern for 2014.
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