Two day worst drops and why?

旅新

Two continuous down days so far created 2.94% drop in DJI and 2.67% drop in S&P500. DJI drop rate is higher than that of SP500. BGU volume today is >40% higher than average volume. Does this mean that large cap stocks are being sold in mass qty by MM? 权重股在被大量地被抛？？

oldpigwang

Obama Declares War on Wall Street


January 21, 2010 12:44 PM
On the same day Goldman Sachs (NYSE: GS) reported record profits, President Obama dropped a bomb on Wall Street. Obama is proposing limits on the size and scope of the nation's largest banks to put an end to "risky practices that contributed significantly to the financial crisis."

The news has sent shares of the largest U.S. banks lower. At 12:40 ET, Goldman Sachs is down 4.5 percent. The main sector ETF, Financial Select Sector SPDR (NYSE: XLF), is down 2.6 percent.

Giving limited details, Obama's said his administration will work with Congress to ensure that no bank or financial institution that contains a bank will own, invest in or sponsor a hedge fund or a private equity fund, or proprietary trading operations unrelated to serving customers for its own profit. Obama also announced a new proposal to limit the consolidation of our financial sector. The President’s proposal will place broader limits on the excessive growth of the market share of liabilities at the largest financial firms, to supplement existing caps on the market share of deposits.

"While the financial system is far stronger today than it was a year one year ago, it is still operating under the exact same rules that led to its near collapse," said President Barack Obama. "My resolve to reform the system is only strengthened when I see a return to old practices at some of the very firms fighting reform; and when I see record profits at some of the very firms claiming that they cannot lend more to small business, cannot keep credit card rates low, and cannot refund taxpayers for the bailout. It is exactly this kind of irresponsibility that makes clear reform is necessary."

Obama said if Wall Street want to fight the changes, "it's a fight I'm ready to have."

In addition to impacting Goldman Sachs, the new proposal would affect other large banks like Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), J.P. Morgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS) and Citigroup Inc. (NYSE: C).

OFDMGuy

I speculate that another JFK-like event will be in the making. If that happens, look for one day that we open 1,000 points lower.

旅新

This is interesting. But just a piece of news will result in such a drop, which started even before the announcement came out?

bryanlie

不会吧,这哥们吃了熊心豹子胆拉？
等着看好戏吧。。。
我猜是不了了之，要不就一死一伤？！

旅新

Obama的一通话的影响，跟华尔街机构投资人计划清仓，给股市的影响可是完全不同的。

flyingdust

Are you the God, predicting the unpredictable?!

I speculate that another JFK-like event will be in the making. If that happens, look for one day that we open 1,000 points lower.
OFDMGuy 发表于 2010-1-21 14:43

atrader

没那么严重吧。

旅新

Three conxecutive day drop for over 550 points from DJI, and over 5% drop in S&P500, do we still believe this is a minor correction resulted from what Obama said? Is this a beginnning of a major correction, or even the beginning of another bear?

coexist

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