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Log in7/28/08 = bad day for the market
7/28/08 = bad day for the market
by TheBob on Mon Jul 28, 2008 3:24 pm
As I type this, there is about 30 minutes left until the closing bell rings, and the market is down.
The Dow is down 181 points (1.59%)
The NASDAQ is down 40 points (1.73%)
The S&P 500 is down 16.8 points (1.33%)
What does this mean to you and me??? It means that if you were trying to go long on stocks today, then you probably lost money. Vice versa if you were short on stocks today then you probably were able to buy a house with all the money you made.
It also seems like last week's upward movement was just a small rally in the downtrending market. Will it get better before it gets worse?
The Dow is down 181 points (1.59%)
The NASDAQ is down 40 points (1.73%)
The S&P 500 is down 16.8 points (1.33%)
What does this mean to you and me??? It means that if you were trying to go long on stocks today, then you probably lost money. Vice versa if you were short on stocks today then you probably were able to buy a house with all the money you made.
It also seems like last week's upward movement was just a small rally in the downtrending market. Will it get better before it gets worse?
TheBob- Beginning Trader
- Posts: 14
Join date: 2008-06-27 
Re: 7/28/08 = bad day for the market
by swinger11 on Tue Jul 29, 2008 10:12 am
After the closing bell yesterday, here is where the market stood:
DOW, NASDAQ, S&P: All were down by about 2.00%.
Overall...not a great day to be long on stocks as almost every industry posted a loss.
DOW, NASDAQ, S&P: All were down by about 2.00%.
Overall...not a great day to be long on stocks as almost every industry posted a loss.
swinger11- Beginning Trader
- Posts: 11
Join date: 2008-06-27 -
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