Today was the-perfect storm for US markets......Asia tanked & Europe was down 6% to 9%....
We were limit down which was 5% on all indices......
Many commentators were predicting 10% meltdown...to STIR panic.....
As usual Bob Doll was CALM & said on CNBC before open that you do NOT sell on limit down days...and he was buying & encouraged buying.....also suggested to sell on big UP days.....
Art Cashin of UBS was the-most disappointed trader as he was ready for 10%++ drop.....I guess he does NOT control US market either.....
Nasdaq went down to 1493.79...new 52 week LOW...Nasdaq has been the-weakest index....thanks to jitter about consumer chip sales.....
Dow & S&P 500 stayed well ABOVE their 52 week lows...sign of markets showing individual strength....not interlinked to the same degree......
In my portfolio :
RIMM Down $1.64
UYG Down 59 cents
@ 11.59 AM following are green in my watch list :
GG,KGC,ABX,WFR,VAR,DUG,PHM,AMZN,LRCX,
QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
7 comments:
SALEEM
and all
Price of gas in DC broke $3.00 and dropping fast
Car traffic as well as noise is up again and Lots of traffic helicopters looking at out roads! a gas waster?
Stocks should have seen a bottm to day--they say when all the news in negative then the bottom --well, I am broke here and looking for a break-
Any one cash less??
Smile
SALEEM
and all
Price of gas in DC broke $3.00 and dropping fast
Car traffic as well as noise is up again and Lots of traffic helicopters looking at out roads! a gas waster?
Stocks should have seen a bottm to day--they say when all the news in negative then the bottom --well, I am broke here and looking for a break-
Any one cash less??
Smile
SALEEM
and all
Price of gas in DC broke $3.00 and dropping fast
Car traffic as well as noise is up again and Lots of traffic helicopters looking at out roads! a gas waster?
Stocks should have seen a bottm to day--they say when all the news in negative then the bottom --well, I am broke here and looking for a break-
Any one cash less??
Smile
SALEEM
and all
Price of gas in DC broke $3.00 and dropping fast
Car traffic as well as noise is up again and Lots of traffic helicopters looking at out roads! a gas waster?
Stocks should have seen a bottm to day--they say when all the news in negative then the bottom --well, I am broke here and looking for a break-
Any one cash less??
Smile
Hi Madmax,
You must be excited about gas price in DC to post 4 times!!!!
Cashless we all are..thanks to this brutal bear.....
SMILE coming near close today????
Saleem
I am so sorry that I posted so often
No offense please
Regards to all
Hi Madmax,
Thanks for you take. I have some cash left over for emergencies. Tons of paper losses,,,,,hopefully one day it will turn around,,,,until then better keep your day job.
ATL gas $2.49 dropping. Premium $2.99. Store prices on dry goods seems to be cracking too. We need a good relief rally! It will be here soon. Hang in there!!!!!!
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