CHESSNOID

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Stock Market update 8-9-07 1:30 pm

Posted on Aug 9, 2007 by CHESSNOID in Uncategorized | 0 Comments

The stock market retreated in a bad way.  It basically gave up its 3 days gains in 1 shot.  It seems like the credit market has it spooked.  The market is definitely getting more volatile with these wild swings in directions on different days.  Even a buy and hold guy like me wonders at times if I made the right decision by staying in it.  We will see if we get a nice bounce back up tomorrow.  A lot of investors had to lock up their profits today and probably couldn’t stomach this roller coaster market.

DOW 13,271.24 -386.62
NASDAQ 2,556.49 -56.49
S&P 500 1,453.09 -44.40

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