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[Source: The Money Blogs]
Monday, January 28, 2008
High Risk Enviornment Offers Cautious Opportunity
Despite gapping higher on the open, allthree major indexes broke down and closed near their daily lows. TheDow Industrials Closed down 171.44 points to 12,207.17. The NasdaqComposite, which had gained 2% on the open, suffered a 3 1/2% swingand reversal of fortune, Closing at 2326.20 which was pretty much thelow for the day. All of the other major indexes pretty much playedout the same way. Volume was lower across the board, both on theNasdaq and the NYSE, though very erratic volume patterns can be aclassic bear market trait.
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