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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Wall Street Dives at Open, Recovers Quickly

Don't walk away from your desk -- you'll miss a 300-point Dow swing.

Wall Street is veering around like a Saturday night drunk. Assuming that Saturday night drunk is driving a Formula One race car.

After diving 200 points in the opening seconds -- forget minutes -- the Dow is now back in positive territory, trading up 150 points, or about 1.3 percent.

Wait a minute. Since we typed that sentence, the Dow has dropped and is now trading about 80 points up.

You see what we're talking about. And the trading day is barely 30 minutes old.

The S&P 500 and Nasdaq also are in positive territory, with the Nasdaq up more than 2 percent.

-- Frank Ahrens

By Frank Ahrens  |  October 8, 2008; 10:10 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Fear Rules Wall Street in Opening
Next: Good News, Bad News on Economy


Sorry to disappoint, but I need to go up on the roof and do some work here. I'd love to keep watching. If I don't fall off the roof, I'll check it out later. For now, I trust you'll be watching and that's about all I know from here. Keep us Posted.


Posted by: Anonymous | October 8, 1908 10:22 AM | Report abuse

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