Did You Miss the Stock Market Explosion?

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Discussion Overview

The discussion revolves around the recent fluctuations in the stock market, particularly focusing on perceived investment opportunities and the reliability of stock data from CNN. Participants express concerns about potential glitches in stock price reporting and the implications for investors.

Discussion Character

  • Debate/contested
  • Technical explanation

Main Points Raised

  • One participant questions whether they have missed a significant investment opportunity based on stock price changes.
  • Another participant prompts clarification regarding the initial claim about the investment opportunity.
  • Participants discuss discrepancies in stock price data, with one noting a potential glitch on CNN's website.
  • Concerns are raised about the origins of the data, with speculation about after-hours trading or possible manipulation of stock prices.
  • A participant cites a statement from CNNMoney.com acknowledging potential inaccuracies in stock price information.
  • Market commentary is shared, indicating expectations of weak earnings reports that may affect stock performance.
  • One participant shares a personal experience of their stocks crashing, contrasting with the earlier claims of rising stock prices.

Areas of Agreement / Disagreement

Participants express differing views on the reliability of the stock data and the implications for investment strategies. There is no consensus on whether the reported stock price changes are accurate or indicative of market trends.

Contextual Notes

Participants note the possibility of missing assumptions regarding the timing of stock trades and the accuracy of data sources. The discussion reflects uncertainty about the current state of the market and the reliability of information from media outlets.

Who May Find This Useful

Individuals interested in stock market trends, investors evaluating recent market movements, and those concerned about the reliability of financial news sources may find this discussion relevant.

misgfool
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russ_watters said:
What do you mean?

You didn't check the link?

...

Alcoa Inc 26.35 +14.99 +138.67% 1/10 9:11pm
Bank of America Corporation 27.49 +13.95 +107.39% 1/10 9:11pm
Citigroup, Inc. 25.18 +18.02 +266.96% 1/10 9:11pm
General Motors Corporation 29.97 +25.93 +643.42% 1/10 9:11pm

...
 
Not sure where the data are originating, but that indicates trading on Saturday. Perhaps after hours. Or someone is pumping the stock to make a killing.

Or someone hacked CNN's site.

The Dow30 were down Friday when the US markets closed.
 
"Price information for some stocks may be incorrect. CNNMoney.com is working with our data provider to fix the problem. We apologize for the inconvenience."
 
It looks like CNN got their Dow30 page and others fixed.

Wall Street eyes quarterly results
Stocks set to open lower as investors brace for start of what is expected to be a grim corporate reporting period.
http://money.cnn.com/2009/01/12/markets/stockswatch/index.htm

. . . .
Peter Cardillo, chief market economist for Avalon Partners, said markets have already "baked in" weak earnings from companies like aluminum producer Alcoa on Monday and from chipmaker Intel (INTC, Fortune 500) on Thursday, but they could still keep stocks from advancing, he said.

"The negative news coming out of earnings will keep us in a defensive trading range most of the week," said Cardillo.
. . . .
Alcoa . . . . is due to post results after the market close.
. . . .
 
Lucky you. My stocks crashed the other day.
 

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