Latest Breaking News On - May 6th 2010 - Page 2 : comparemela.com

not a bear market. it s just hit correction territory and bounced back up. we don t know if it ll stay there later on today. this is a pullback. it is a downward reversal from a prolonged upward trend. that s what woe ve seen on the market. the other term some were using yesterday is flash crash. it is a rapid, steep market fall in a very short time. we saw one happen on may 6th, 2010. you ll recall, in some kways, i is technical. people said, the computers couldn t handle it yesterday. they misfired, which is why we saw a big drop. at one point, almost 1 rksz,600 points. the dow closed 1,075 points lower yesterday. it is more important to look at the percentage losses than the points. 4.6%, we don t crack the top 20 worst percentage losses in the market. this might be roughly, i don t know, maybe 25th or 30th or something like that. it wasn t even there.

Bear marketCorrection territoryFlash crashMay 6thSteep market fallMay 6th 2010Couldn tIt wasn t4 6