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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (45060)	10/10/2008 4:18:17 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71045

Black October Blackoctober2_4This week's current decline of 20.8% ranks second as the worst Monday to Friday change for the Dow since 1900. As shown at right, the only week that saw a bigger decline ended on December 14, 1914. We've all heard of Black Monday when markets crashed in 1929 and 1987, but this is truly turning out to be Black October. It's now October 10th, and the market has declined 25% this month without a single up day. And it's not just confined to equities. The CRB commodities index is already down 13% this month, and the Lehman Aggregate Bond Index is down 10%. If it doesn't turn around soon, Black October will surely stick. bespokeinvest.typepad.com