To: Jack Hartmann who wrote (6129 ) 1/21/2009 2:51:41 AM From: Jack Hartmann 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 12/01/08 - 8.93 Bernacke speaks gloom, manufacturing is bad, retailers have bad opening. 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. 1/20/09 -5.78% Obama inaugaration. Banks had 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 0.96 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 56.65 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 855.20 +15.30 +1.82% Defensive play against financial collapse. Collapse of the day $BKX Banks 25.34 -6.22 -19.71% European banks are collapsing. Merrill loses 15B in the last three months. C loses 6B. NYSE Down Volume 2,630,224,494 (84%) Declining Issues 3,369 (86%) New Lows 193 New Highs 15 Nasdaq down volume 1,993,409,374 (96%)! Declining Issues 2,400 (83%) New Highs 9 New Lows 171 Crude $40.27 Nat Gas $4.62 Gold $850 Silver $11,10 Copper $1.50 DOW 7,949.09 down 4.01% -332.13 NASDAQ down 5.78% 1,440.86 -88.47 S&P down 5.28% 805.22 -44.90 Quote of the day The financials have stop the bloodshed for any meaningful bounce… globally. - Stuart