Yes, Virginia, this is a crash

Monday, September 29, 2008 | 03:32 PM

Nasdaq down 9%, S&P500 off 8.8% Dow off a mere 7%. Set your downward targets to SPX 975, plus or minus. That is both a technical target (breakout in 2003) and fundamental target (15X $65 SPX Earnings)   

(Anyone know how I can embed auto-updating quotes that aren't laden with too much advertising or junk?)

Na_indices_92908

>

And what has to be the best headline of the day: House to Street: Drop dead.

 
House_to_street_drop_dead_2


Source:
Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise
Michael Patterson and Lynn Thomasson
Bloomberg, Sept. 29 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0PeALhiaraY&

Monday, September 29, 2008 | 03:32 PM | Permalink | Comments (81) | 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/6a00d8341c52a953ef010534e415ff970c

Listed below are links to weblogs that reference Yes, Virginia, this is a crash:

Comments

If "Wall Street" continues with its tantrum, it'll get what it wants before long.

Posted by: DL | Sep 29, 2008 3:35:06 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