CHESSNOID

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Stock Market update 8-16-07 8:00 am

Posted on Aug 16, 2007 by CHESSNOID in Uncategorized | 0 Comments

Well, the market seems to be on a downward trajectory with great conviction.  The losing streak is still going.  The same reason seems to be driving it down.  Credit worries and housing collapse.  Are they founded worries?  I think they are but not to the degree that it is killing the market.  The suprising part is when the housing market was doing well, the stock market wasn’t shooting straight up like an oil geyser.  I think people will find value in the market and turn it around soon.

DOW 12,681.90 -179.57
NASDAQ 2,428.66 -30.17
S&P 500 1,388.17 -18.53

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