To: Jack Hartmann who wrote (6114 ) 11/20/2008 8:43:19 PM From: Jack Hartmann Read Replies (2) | Respond to of 6924 Record Nasdaq days on the downside 10/19/87 -11.35 % 04/12/00 -9.67 09/29/08 -9.14 No bailout, WB bought by C. Dow down 7.0%. S&P down 8.74% 10/20/87 -9.00 10/26/87 -9.00 08/31/98 -8.56 Russian and LTCM crash 10/15/08 -8.47% Retail numbers were bad, beige book bad. 04/03/00 -7.64 01/02/01 – 7.23% Funds lock in profits, Robbie Stephens downgrades EMC, INKT, NTAP, many others. NAPM Index at 43.7% (consensus was 47.1%), the lowest since April 1991 and indicative of a continued contraction in the mfg. sector 12/20/00 – 7.12% FDRY takes down infrastructures with the warning. 04/13/00 -7.02 10/27/97 -7.02 Asian Financial Crisis 09/17/01 - -6.83 Trading resumes after the WTC bombing 11/19/08 -6.53% fed says unemployment could be 7.6%, recession all 2009. 03/12/01 – 6.30% CSCO warns prior period, Barron’s pummeling fiber optics stocks, ERICY warns. 01/05/01 – 6.20% BAC rumors of bad shortfall due to CA utilities and CSCO rumors of missing quarter sent it down. 04/03/01 – 6.17% - ABRA, ITWO, RBAK, AXP, INKT, ENTU, BVSN, warn last night. 03/27/80 -6.15% 03/28/01 – NT and PALM warn the night before sending networkers down double digits. 05/23/00- 5.93% 10/07/08 -5.80% MS fears the Japanese bank will pull financing and BAC has horrid earnings. 11/5/08 -5.53% election results and profit taking after 205 runup. 10/09/08 - 5.49% GM and MS downgrades, shorts allowed back 11/12/08 - 5.17% Treasury not buying toxic mortgage assets. Best Buy earnings warning horror.Intel just cut Q4 guidance. GOOG below $300. 11/20/08 -5.07% Congress postpones vote on auto bailout. 11/14/08 - 5.00% Worst retail month in Oct ever. Put/Call ratio 1.33 Under 0.40 is Very Bullish sentiment, 0.40-59 Bullish, 0.60-0.79, Neutral, 0.800-0.99 Bearish, Over 1.00 Very Bearish. When many are bullish, this may be time to take profit. VIX 80.26 When it runs below 20, usually a good time to take some profits. If above 35, good time to buy. Sector Watch Breakout of the day $GOLD Gold 744.94 +8.94 +1.21% nothing left but gold Collapse of the day $XNG Natural Gas 316.24 -58.35 -15.58% the last commodity to break. No mo'money honey. Get another blanket. NYSE Volume 1,685,529,781 low low low!!!! Down Volume wrong Declining Issues 3,413 (90%) New Lows 1,684 New Highs 45 Nasdaq 3,202,188,091 high! down volume 2,960,932,371 (92%) big selloff New Lows 1,272 New Highs 2 Crude $48.46 Nat Gas $6.25 Gold $745 Silver $8.96 Copper $1.52 DJIA 7552.29 down -5.56% -444.99 S&P 752.44 down -6.71% -54.14 NASDAQ 1316.12 down -5.07% -70.3 Quote of the day As the cascade of devastatingly awful economic news grows in volume, it’s worth reminding yourself that negative news flow is a lagging indicator. We are hearing about what has happened, in other words, not what will happen in the coming weeks and months -- and that has been awful (to the tenth or so power)- Paul Kedosky In the 2000-2002 bear, we had 10 days of 5%+ declines. Now we are at NINE. The volatility is going to be high until we see the funds stabilize. Fannie, Freddie to suspend foreclosure sales, evictions from Nov. 26 to Jan. 9.