Nasdaq is getting closer & closer to November bear low......
AIG,Warren Buffett remarks are causing this new wave of selling....
Dow is well below 7000 ..currently @ 6827.81..down 235.12.....
S&P is also hitting new lows again......lower than previous intraday lows back in November....
Gold is fighting back is now near flat.....
Oil is taking a huge hit Down $4.43.....
Most stocks are down .....
Closing numbers will be very significant in terms of where we are......especially on Nasdaq !!!
BLOG does NOT give buy or sell.
Saleem
1 comment:
HELLO to you all
Still snowing in DC
We have lots of shiny new cars in accidnets all over the highways--Look out!
Standards
GE stock--until the fnancilas clear up all bet are off
If I was a betting man --I say we will not start recovery till the 3 quarter, 2009.
Their is a lot of news about GE and the biggest unknown is the GE Finacials. If you can see past that or some how account for it you got a sweet deal in GE! I like the fact ath you can do the covered calls collect the divi and make soem appreciation.
are we done going down? that is my scary question.
There is a ton of money on the side lines and it ain't gonna mover till teh negative setiment clears up--This Am Bloomberg says more banks are in trouble and
are going to close
Good Luck to all
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