10962.54: Lowest Dow Close Since July 2006

Tuesday, July 15, 2008 | 09:00 PM

Well, that was interesting.

Today had something for everyone -- or perhaps nothing for anyone is more accurate?

• Volatility returned in force (Finally!) today, with the VIX climbing over 30.

• Fannie (FNM) and Freddie (FRE)  fell more than 25% each, as the bailout plan makes it clear that shareholders are not going to be rewarded for showing such bad judgment as to own this crap. They closed at  $7.07 and $5.26 respectively -- possibly on the way to zero.

So, what happens next? Where does this market take us on its wild ride?

What say ye?

~~~

Dow
Dji

Nasdaq
Nasd

SPX
Spc

Tuesday, July 15, 2008 | 09:00 PM | Permalink | Comments (45) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00e553a0faef8833

Listed below are links to weblogs that reference 10962.54: Lowest Dow Close Since July 2006:

Comments

Wouldn't agree. It looked to me like another failed rally attempt and if it isn't an old adage on Wall St. then it should be that failed rallies are the mother's milk of bear markets.

Posted by: fred | Jul 15, 2008 9:20:27 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner