Posts tagged as:

DJIA

Portfolio Update – DOW Crash Causes Firesale on Canadian Bank Stocks

February 21, 2009 · 1 comment

in DJIA, portfolio, purchases, stock picks

Well, in case you don’t know yet, late yesterday and then all day today the stock market crash fell quite a bit MORE below its November lows (we’re definitely in new territory now) to close at 7365.67.  We’re now back at 1997 levels.  I’m not sure that that means that 25 years or so of [...]

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Dow Jones Back At November Lows – 7552.60

February 18, 2009 · 0 comments

in Canadian, DJIA, banks

Today the Dow Jones Industrial Average (DJIA) closed at 7552.60.  The market low we had back in November 2008, that is, the lowest that the autumn crash gave us, was 7552.29.  So, the BNN commentators were right last month when they said those lows might still be retested.  I just wonder whether the Dow is [...]

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Back to the Bottom: Markets Retest November Lows

February 11, 2009 · 1 comment

in DJIA, market bottom, news and updates

This is what was feared would happen.  If the DOW managed to stay above 8000, we might be in for a recovery.  If it drops below 8000 again, all bets are off. Today, following Geithner’s speech, which provided little new information on the stimulus implementation, markets started dropping like it was another Lehman Brothers bankruptcy.
Overall, [...]

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Worst January On Record For Stock Markets

January 31, 2009 · 1 comment

in US economy, bailout, market timing, recession, stimulus plan, stocks

Obama and others freaked out yesterday at what came in as worsening US economic data and the lowest stocks on record for any January in the stock market history.  The “fresh U.S. economic blow” is a “disaster”, Obama says.  The Dow Jones Industrial Average dropped another 148 points (a 500-point drop is what happened in [...]

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