During these wild times on Wall Street, the last hour of trading has been marked by rapid plunges—and sudden rallies. What gives?
For one of the best signs of how the stock market is handling this time of deep fear and uncertainty, look at how stocks perform late in the day.
In the morning and early afternoon, indexes might swing wildly between "things aren't so bad" to near-panic selling. But as the closing bell approaches, traders know they'll be stuck with their decisions overnight.
As fear of a global credit crunch spread earlier this week, traders have spent the late afternoon flooding the market with sell orders. That's fear, plain and simple, market experts and traders say.
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