Thursday, November 20, 2008

Stock Market Hits New Lows For The Year



Stocks were down again today with the Dow Jones Industrials falling 444 points or 5.56%. As you can see in the above chart the Dow broke to a new low for the year along with the NASDAQ and S&P (not shown). The S&P500 got hit the hardest today down 6.71%.

I still remain on the sidelines in terms of trading and I do not have a position in any of the major indices at the moment.

2 comments:

Anonymous said...

From someone who has tried to trade this market I will tell you its impossible .

Great choice to stay out
Mike

Frazier said...

Actually, I've done pretty well in this market. I believe the best bets are to do staddles on the equity index options.

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