Downer

October 22nd, 2008 by alyx · 6 Comments · caturday, markets

The DOW closed down 514, S&P broke below nine hundo, sucks. Mr. Peanut (who belongs to my friend Tina over at Fashionism) was NOT impressed.

For the trading types, I noticed today that the general trend of “whatever the market is doing going into the last hour gets exacerbated hardcore by the end of the day” remained intact, but that we pulled out of the tailspin a little bit in the last 10-15 minutes instead of closing down, say, 700. Wonder who was buying.

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