This column was originally published on RealMoney on Feb. 28 at 7:24 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
On the first day, chaos. Pure chaos. Tough to even get prices. That was 2001 and 1987 and, now, yesterday. Computer malfunctions, overwhelming short-selling from ETFs and derivatives gone awry obscure the battlefield totally.
On the second day, we get some order. Let's see: bonds up (rates down), gold cracked, copper down, perhaps a slowdown? So let's look at the slowdown stocks and see if there were any dislocations.
In fact, they're right in the Dow stocks, which seemed to take it on the chin from some derivative pressure and from some mistaken prices that made it so buyers couldn't get down fast enough to meet sellers. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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