Monday, March 24, 2008

Selling Short The Oil Sector

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Just as Tuesday’s roaring session sent the bears running for cover, yesterday’s sell-off kept the bulls on their toes. Stocks retraced sharply, causing the major indices to give back all their post-Fed gains. Both the S&P 500 and Dow Jones Industrial Average fell 2.4%, while the Nasdaq Composite and small-cap Russell 2000 suffered matching declines of 2.6%. The S&P Midcap 400 lost 2.5%. Completely opposite of the previous day’s action, all the main stoc[...]

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[Source: The Money Blogs]

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