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Dow 8,565.09 -196.33 -2.24%
Nasdaq 1,507.88 -57.60 -3.68%
S&P 500 873.59 -25.65 -2.85%
The auto bailout is not looking good. Friday may be a rough day for the markets.
Dow 8,691.33 -242.85 -2.72%
Nasdaq 1,547.34 -24.40 -1.55%
S&P 500 888.67 -21.03 -2.31%
Dow drops 243 points after a two days of rally. The auto industry see good news with $15B bailout money.
Dow 8,149.09 -679.95 -7.70%
Nasdaq 1,398.07 -137.50 -8.95%
S&P 500 816.21 -80.03 -8.93%
Despite the major rally last week, I advised caution in almost all my posts. We can see clearly see that we are still in a bear market and one day can wipe out much of the gains we had from last week. It does not look like the worst has been behind us yet. With wild swings each week, we have to be very cautious in this market.
Dow 8,829.04 +102.43 +1.17%
Nasdaq 1,535.57 +3.47 +0.23%
S&P 500 896.24 +8.56 +0.96%
The Dow closed positive for the fifth consecutive trading day. Five trading days ago, on November 20, the Dow closed at 7,552, and today, on November 28, the Dow closed at 8,829, a whopping gain of 17%!! What does this mean? Should we start piling in our money and start loading up on stocks. As good as the Dow graph looks for the past five trading days, I think we should still proceed with caution, as we are still in a bear market. I would wait for a small pullback (I don’t like to buy after many days of the stock prices going up) and then test the water with small positions.
Dow Closing Prices
28-Nov-08 8,829.04
26-Nov-08 8,726.61
25-Nov-08 8,479.47
24-Nov-08 8,443.39
21-Nov-08 8,046.42
20-Nov-08 7,552.29
Dow 8,726.61 +247.14 +2.91%
Nasdaq 1,532.10 +67.37 +4.60%
S&P 500 887.68 +30.29 +3.53%
The Dow and S&P500 closed positive for the fourth consecutive trading days. I hope we can keep this momentum and turn the trend to the upside. We will have to see what Friday brings to the market.
Dow 8,479.47 +36.08 +0.43%
Nasdaq 1,464.73 -7.29 -0.50%
S&P 500 857.39 +5.58 +0.66%
Wall Street extends Dow’s rally to third day. I hope we can close positive for this week.
Dow 8,443.39 +396.97 +4.93%
Nasdaq 1,472.02 +87.67 +6.33%
S&P 500 851.81 +51.78 +6.47%
It is good to see another positive day in the market. I can only hope this rally will hold, as the previous ones were wiped out faster than you can say the word “rally.” We will have to see how well the market performs during this week. We can never be too cautious in this market.
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