NYSE Market: March 04, 2009: briefing.com
market is oversold and it looks like rollercoaster up and down without knowing the direction; it was closed down -0.55% According to analyst at Goldman Sachs, US economics will be minus 7.0% for the first quarter, even Ben Bernanke indicated that near-term outlook for the economy remains weak.
as we see from the chart, market was closed at 6,727 point, almost the same position when DOW was at 1997. Since on the most bullish on Oct 2007, DOW is down around 50%.
| ..Nasdaq 100 +0.4%. ..S&P Midcap 400 -0.7%. ..Russell 2000 -1.9%. ..NYSE Adv/Dec 1003/2109. ..NASDAQ Adv/Dec 942/1730. To learn more how to make consistently profit on bearish market |
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