Sunday, September 21, 2008

Dare We Say. . .Capitulation?

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.With the major indices down approximately 2% just a few minutes after yesterday’s open, investors might have expected a repeat performance of Monday’s plunge, but yesterday’s action played out much better. The main stock market indexes reversed their morning losses, rising to unchanged levels just before mid-day. At 2:15 pm ET, the Fed stated in their announcement on economic policy that interest rates would remain unchanged, initially causing stocks to fall back to nearly test their mo[...]

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[Source: The Money Blogs]

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