Stock Market Analysis – 10-08-2008
October 9, 2008 at 9:26 pm · Filed Under Broader Market
The crash continued, sending the S&P 500 down to almost 900. The low in 2002 was 768, so that would be a major support level to watch in the coming months. This drop should be exciting to everyone since opportunities will start sprouting up more and more. The faster things drop, the sooner we’ll hit the bottom, and the sooner we’ll turn the stock market around. Too bad the housing market isn’t quite as liquid, otherwise we’d hit the bottom just as quickly and be on our way to recovery. Instead, we have everyone trying to artificially prop the market up though, so we’ll just keep trudging along in our slow and painful drop.
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