DOW

As the saying goes, "don't fight the FED"

longterm_view wrote: The dow dropped by 350 points.

10million new jobless claims in two weeks, and the markets wiped out the negative reaction.

Surely, this pump is short-lived - not convinced by the violent direction - I think I'll stay on the sidelines (for the next hour at least!)

The dow dropped by 350 points.

AdeMcG wrote: Jobless claims higher than expected...what has that done to the Futures ??

destroyed it - 350 points wiped out in minutes.

wait, we've been here before!

Jobless claims higher than expected...what has that done to the Futures ??

Cut and paste by Ryan Detrick, CMT. I found this interesting.

Just remember, the ‘73/‘74 bear saw a 20% bounce.

‘01/‘02 bear had 22%, 25%, 24% and 24% rallies before ultimately falling 51%.

And the ‘08/‘09 bear saw a 27% rally before falling 56%.