Word: nasdaq
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...wasn't doing a very good job of containing his anger. He accused the Bush team of trying to "presumptively crown themselves the victors, to try to put in place a transition," thereby running "the risk of dividing the American people." With that the markets began to wobble, the nasdaq bungie-jumping 87 points before springing back up again...
...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...
...There are some minor precipices already in sight. After the selling picked up speed heading into the bell, the NASDAQ closed down 171 points to 3028 by midafternoon, is rubbing right up against the 3000-and-change barrier that technical analysts say is poised to give way. And the Dow, down 231 to 10,602, may soon encounter a similar problem with...
...NASDAQ falls through and keeps on going, it'll likely be for its own reasons - and a deep, serious correction in the tech sector could be the foundation of a real rally. Except that it's hard to see a real rally taking root without a president-elect. If this drags on, and the markets finally run out of patience, both Al Gore and George W. Bush will deserve some responsibility...
...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...