Damn! WTF happened?

[elleng]

Dow was up as high as 99 points today, most of the day UP, JUST 'crashed' to 21 DOWN!

[bigdarryl]

1. Not a big deal the Dow goes up and down all the time

[elleng]

2. I know what it does;

I follow it every day, but such a quick and big change in direction is fairly unusual, and I wonder what caused it.

[Warpy]

4. Either Bernanke yawned audibly as he scratched his arse

or there was some rumor at the top causing institutional investors to dump equities and flock to something else where quick money is supposedly available.

The market is skewed six ways from Sunday.

[Keefer]

6. Bernanke

isn't FED chair any longer.

[Warpy]

7. I just got up, give me a break

Yellen had indigestion after her lunch at the Fed cafeteria, then.

[denverbill]

3. According to one source, it was news from the Ukraine.

http://www.usatoday.com/story/money/markets/2014/02/28/stocks-friday/5891343/

[Warpy]

5. Yeah, the revolution didn't cause stocks to wobble but squabbling over the new government did?

I love the reasons they give for why institutional investors act like a damned school of fish.

And it's only big institutional investors who can determine the direction of the market in a single day.

[elleng]

9. Right, and they should know better,

but 'boys will be boys,' I guess.

[elleng]

8. Thanks.

Going back up, +48.5 @ 3:56 pm, up 49.5 at the close.

Just heard 'travel warning' about Ukraine on radio.

[Uben]

10. Damned Duke brothers went long on orange juice futures!

I still watch Trading Places every chance I get.

[elleng]

11. Something like that!

[bemildred]

12. The markets are chaotic, at best, that was just noise. nt