Limit Down
Posted on October 24th, 2008 by mark in Market Observations
In a market where 6.5% moves aren’t even worthy of a blog entry, it takes something truly unusual to get people excited. That something happened early this morning. In today’s 24/7 “always on” investment world, we all reluctantly acknowledge that stocks don’t stop going up or down just because a bell rings in New York. Although, [...]
- 0 Comment
- Tags: after hours, crash, limit down
A Street to Nowhere
Posted on October 10th, 2008 by mark in Market Observations
One year ago, on October 10th, 2007, the S&P 500 crested at 1576. Yesterday, on October 10th, 2008 the S&P 500 hit 840, representing a 46.7% decline. The stock market as a whole has – so far – lost 9 trillion dollars. Much worse, however, is that an investor who entered the market 10 years [...]