Whackage! Worst Week Since September 2001

Saturday, October 04, 2008 | 07:35 AM

By the numbers, it was not a pretty week:   The Russell 2000 index of small caps got shellacked for over 12%; Nasdaq took a nearly 11% plunge, and the S&P500 dropped 9.4%. The Dow Industrials fared best, losing "only" 7.4%.

As I noted on CNBC yesterday, this is a bear market, and the play book calls for selling into rallies (as opposed to during the Bull, when you buy into dips).

After whatever bounce we end up getting, a measured move to Dow 9,000 is a significant possibility -- we put it at a better than even money chance.

>

Hotnot_ns_20081003190252

via WSJ

Saturday, October 04, 2008 | 07:35 AM | Permalink | Comments (31) | 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:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef0105352f8258970b

Listed below are links to weblogs that reference Whackage! Worst Week Since September 2001:

Comments

the only thing going up is USD!
I can't figure it out, at this rate,
the Fed can print alot more money
and issue T bills as demand is incredible.

How do you explain that Barry ??

Posted by: rickrude | Oct 4, 2008 7:58:13 AM

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