Friday, August 17, 2007

Taking Profits On The Rest Of Our Short Positions

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Tuesday’s breakdown to new lows in the major indices led to another session of substantial broad-based losses yesterday. Stocks attempted to rally twice during the day, but massive sell programs hit the markets during the final two hours. The Nasdaq Composite fell 1.6%, the S&P 500 1.4%, and the Dow Jones Industrial Average 1.3%. The small-cap Russell 2000 and S&P Midcap 400 indices were lower by 1.5% and 2.1% respectively. Like the previous day, all of the primary stock market [...]

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[Source: The Money Blogs]

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