The Dow Jones Industria Average closed at 6,763. It's now back to 1997 levels. Remember October 2007, when it closed above 14,000?!? The S&P 500 and NASDAQ are at similar lows
( Read more... )
I admit to being totally stunned by the latest fall of the DOW. I was quite confident that 8300 was about it and that falls below that point would be met by a return to that level within a few trading days. Now all bets are off. Maybe things will come back in a year or two and maybe we won't see a recovery for a generation or two.
Well, I saw a really interesting article the other day that makes me think it has a ways further to drop - like Dow 5000. However, I did buy a few stocks on Friday. I think the market is poised for a really good short bear rally soon.
Comments 2
Reply
Reply
Leave a comment