SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Smiling Bob who wrote (185938)2/23/2009 12:56:28 PM
From: ChanceIsRead Replies (4) of 306849
 
RE: DOW. While I was snoozing on Friday, the DOW dropped below the last huge selloff low - namely that of October 2002. I have pointed out many times that that low was reached about 8 months after Greenspan finished cutting rates to ward off the inet bubble and 9/11.

At 7,219 we are looking back to May 1997 for the previous trade at this level. Of course the S&P is probably a much better indicator. It seems that the admin won't let the DOW keepers throw the likes of Citi out of the index. Wouldn't want to cause a panic, don't you know.

I see no sign of a bottom.

Huge volume on Friday with no/little bounce today - rather continued new lows.

Oooooops. Make that 7,209.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News