Thursday, September 22, 2011

Stocks continue to sell off....

At 11:50 am we are at:

Dow -365
Nas -67
S&P -34 to 1132

While the averages are at their day lows, some stocks have rebounded and cut their earlier losses in half. 

At 2:14 pm yesterday the Dow was at 11380, and now we are at 10745.  That is a 635 point drop since the Fed made the "twisted" announcement that was supposed to help our markets.  The selloff seems a bit overdone.

Let's keep an eye on the S&P 500.  A move back above 1150 would be a "buy" signal, a move below 1100 would not be good.

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