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Market recap: Heavy selling wrecked the Dow's six-session winning streak and took it back below...

Market recap: Heavy selling wrecked the Dow's six-session winning streak and took it back below 11K (-1.92% to 10990), after a downgrade of Greece's credit rating to "junk" sent stocks reeling, non-yen currencies plunging vs. the dollar, while Treasurys enjoyed a huge run-up despite weak demand for two-year notes. S&P was hardest hit, -2.35% to 1183.61. Crude fell 2.76% to $81.86.
Comments (6)
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    Is it time to get out those "Dow 10000" hats again?
    27 Apr 2010, 04:09 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    a glimpse of reality today.
    27 Apr 2010, 04:14 PM Reply Like
  • JoeChase
    , contributor
    Comments (137) | Send Message
     
    Anyone want to venture a guess if tomorrow will be up or down? I could see it going either way - the late selloff today makes me think it'll keep going down but everyone is so unrealistically bullish that people might see sub-11k as a buying opportunity (I don't)
    27 Apr 2010, 04:16 PM Reply Like
  • davdah
    , contributor
    Comments (356) | Send Message
     
    We'll probably see a slight surge in the morning followed by another substantial drop. The trend looks to be topped out and heading south.
    27 Apr 2010, 07:19 PM Reply Like
  • Anthony Alfidi
    , contributor
    Comments (598) | Send Message
     
    Maybe a Dow 1000 hat is more appropriate. The Greece-Portugal downgrades are a double whammy.
    27 Apr 2010, 07:42 PM Reply Like
  • oceanaris
    , contributor
    Comments (5) | Send Message
     
    so when do we see Spain, Belgium, and Ireland begin to come into play? How will this affect California, New Jersey, New York, Ohio, and Michigan?
    27 Apr 2010, 07:46 PM Reply Like
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