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.



via WSJ

Saturday, October 04, 2008 | 07:35 AM | Permalink | Comments (31) | TrackBack (0)
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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

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