| Hey Liberals... [message #100041] |
Wed, 07 July 2004 03:53  |
NHJ BV
Messages: 712
Registered: February 2003
Karma:
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| Crimson |
I worked for Charles Schwab for 3 years. I was immersed in the stock market, talking to traders as they placed their trades. Somebody sneezing could change the markets. I remember once an analyst set a price target for Qualcomm at 1000 points and it gained like 200+ points in a single day just because some bitch thought it would get that high. It doesn't take much to impart huge change.
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But that works both ways. So the only thing we're getting to here is that the economy is indeed easily shaken and that the ups and downs are indeed a natural cycle.
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