CHESSNOID

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Hard day in the stock market 02.05.2010

Posted on Feb 5, 2010 by CHESSNOID in Recession, economy, stock market | 0 Comments

Yesterday was a weird day in the stock market.  Not only was it a down day, but there was a feeling of another major correction coming down hard.

Dow 10,002.18 -268.37 (-2.61%)
S&P 500 1,063.11 -34.17 (-3.11%)
Nasdaq 2,125.43 -65.48 (-2.99%)

Today, will probably see more follow through vs an actual bounce.  I think the market got spooked and realized that some of these government cheer leading reports on the economy might be false.  I am out of the market completely and was  happy being a spectator for a change.

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