So much for the lazy days of summer. After a few sessions of relatively quiet trading, the Dow appears to be down 260 points with 10 minutes left in trading. Housing reports plus rumors of a recession helped the sell off today. We’ll see how the last 10 minutes go by in today’s session. Trading curbs are in attempting to limit the damage in the last few minutes of this sell off.
End of day update: Dow ended down 280 points. All but one (Home Depot) traded down in the Dow today. 93% of the S&P500 stocks traded down as well.
Don´t care about smal summer lags – keep cool go on vacation and take care business after you come back
Nerly every year the same…
Comment by ONwebCHECK — Tuesday, August 28, 2007 @ 3:06 pm
Hah! I figured that out. That’s the problem with being such a new investor like myself. I’m slowly learning the cycles. Thanks for the tip by the way. Even though it’s normally warm here in Florida, it’s a lot cooler than most other places in the US right now. Go figure.
Comment by Jorge — Tuesday, August 28, 2007 @ 5:28 pm