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S&P 500
5,815.03
(
0.61%
)
US TECH 100
19,700.00
(
-0.02%
)
Dow Jones
42,863.86
(
0.97%
)
Brent Oil
78.70
(
0.00%
)
Bitcoin
62,396.94
(
-1.26%
)
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cliffvb

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cliffvb

Re: None

Wednesday, 01/09/2008 3:24:58 PM

Wednesday, January 09, 2008 3:24:58 PM

Post# of 173972
WOW, Just under 6 full trading days into the new year and the nasdaq is down 9%. Russell 2000 with small caps is down closer to 10%.

If this rate of decline were to continue, the nasdaq will be below 2000 by the end of next week. By mid-march we would be under 1000 on the nasdaq. Of course, I don't see that happening so it must get better, right??. I'm thinking we will see a bounce and just covered by MZZ position (ultrashort ETF of SP midcap 400.)
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