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
HELLO to you all
ReplyDeleteStill 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