Everyone is talking about the Dow's roller coaster ride today. It last closed at 16,459.75, and upon open, almost immediately dropped 1,089.42 to 15,370.33 and then over the next several hours, regained almost all of that to reach 16,344.50 at 1:10pm (a rise of 974.17), which if it had closed at that point, would have resulted in a loss of only 115.25 for the day. But then it plummeted again, closing at 15,871,35, a loss of 588.40 for the day.
I'm more concerned about the trend. Check this out:
Aug 17, 2015 17,545.18
Aug 18, 2015 17,511.34
Aug 19, 2015 17,348.73
Aug 20, 2015 16,990.69
Aug 21, 2015 16,459.75
Aug 24, 2015 15,871.35
It dropped 5 days in a row, and over those 5 days dropped 1673.83 or 9.5%. I think it will rise back into the 16,000 range for now. But I think it has farther to drop over the next few months.
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