Word: nasdaq
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Dates: during 2000-2009
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...hard to feel good about buying at a time like this. Volume on both indexes has been low since Tuesday, with few investors able to glimpse a happy future when nobody knows who'll be in charge. But it was the sellers that have pushed both the Dow and NASDAQ down in the three sessions since Non-Election Day, and for them it's just one more reason...
...Being susceptible to both peer pressure and numbers that move (I have no idea what the NASDAQ is, but I can't stop watching it), I sneaked out to my polling place to get an even bigger dose of excitement...
...Suddenly everybody's a tech-stock bargain hunter as investors decided Tuesday they'd had enough of the blues and bought the NASDAQ up 177 points by the close. Cisco cleared its personal floor of $50 again, Oracle hit $34, and dot-commers Expedia and eToys got a few bonus points for losing less money than everybody expected. Is this the floor of floors...
...that the end of October - traditionally the month of earnings news, tax-loss selling by mutual funds and bottoms (not a coincidence) - a Dow afire for three straight sessions and an election about to conclude, and we've got indications that the 3,000 milestone may belong in NASDAQ's rearview mirror...
...bloodbaths, in which investors tear their hair out and run shrieking from the room. Traders insist that while there has been tech overselling this month - overselling that was drawing buyers Tuesday - it just doesn't feel like it's run its course. Not to mention that every one of NASDAQ's 5 percent days has been met with selling soon after...