And now for something completely different... There was a modestly significant dump at open followed by slight enthusiasm for a turnaround. By slight, i mean there is not much volume and it will therefore retrace back down to pre-market levels and find its way from there...either up or down lol:
By CNNMoney.com staffAugust 12, 2010: 9:39 AM ET
NEW YORK (CNNMoney.com) -- Stocks opened sharply lower Thursday, in a continuation of the previous day's retreat, as investors digested an unexpected rise in jobless claims and Cisco Systerms' cautious earnings outlook.
The Dow Jones industrial average (INDU) lost 81 points, or 0.8%, in the early going. The S&P 500 (SPX) fell 11 points, or 1%, and the Nasdaq (COMP) dropped 35 points, or 1.6%.
