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Observer of economic data, politics, cultural trends, and their effects on market psychology.
  • The major averages: Weekly update
    The 4 major U.S. indexes all made 2011 intra-day highs on May 2, 2011:

    S&P: 1,370.58    Dow: 12,875.44    Nasdaq: 2,887.75    Russell 2000: 868.57
    ______________________________________________________________
    ______________________________________________________________

    Weekly gain/loss for week ending Friday, October 7, 2011:

         S&P:         1,155.46   +2.12%   (-15.70% from May 2 high)
         Dow:       11,103.12   +1.74%   (-13.77% from May 2 high)
         Nasdaq:   2,479.35   +2.65%   (-14.14% from May 2 high)
         Russell:      656.21   +1.87%   (-24.45% from May 2 high)
    _______________________________________________________________

    * All four averages posted new 2011 intra-day lows on Tuesday, October 4,
    briefly entering "bear market" territory (the Russell remains in a bear):

    S&P:        1,074.77
    Dow :      10,404.49
    Nasdaq:   2,298.89
    Russell:      601.71

    Oct 09 8:02 AM | Link | Comment!
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