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.
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2 comments:
From someone who has tried to trade this market I will tell you its impossible .
Great choice to stay out
Mike
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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