Monday, December 1, 2008

Another last hour diving

Dow off 680 points, 7.7%; Nasdaq off 137 points, 9%; and S&P off 80 points, 9%


Isn't people already priced in these news? Nothing is really a big surprise today. What will happen next? Will market be able to break the downward trend?

From Bonddad: Today's Market:


We are back below 10 & 20 DMA again, and in the down trend patten formed for more than a month now.

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