[lbo-talk] Dow turns -300 to +300 in an afternoon

Doug Henwood dhenwood at panix.com
Wed Jan 23 14:30:37 PST 2008


On Jan 23, 2008, at 5:22 PM, B. wrote:


> Wasn't this called "whipsawing" in the past ("the
> market is whipsawing"), or is that term for longer
> periods of this kind of bipolar/blowin' hot and
> cold-type activity...?

That term is still around.

The conspiracists will no doubt attribute the recovery to the "plunge protection team," a group of government traders operating from a desk in a safe house at an undisclosed location....



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