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How low can the Dow go?
Make no mistake about it, the market action on Wednesday (November 19th) was extremely negative for all of the indices that we track. The close below 8,000 on the DOW can only be described as negative, indicating further weakness to the downside. I am looking for this index to trade down to around the 6600-6700 level.
Check out INO TV new video (it’s free!!) and see exactly where we got out of the indexes and were we see them headed right now…
Every Saturday, The Intelligent Speculator does a review of good read around the blogosphere. Here’s what caught my attention this week:
Zach Stocks is reviewing Petrohawk Energy Corporation (HK)
Fire Finance tells us Which Stock Market Indexes to Choose
Dividends4Life presents Searching the World For The Best Dividend Stocks
ABCs of Investing believes Timing the market is only a viable option if you know the risks!
PennyJobs.com presents Not Even Warren Buffett Can Escape the Economic Crisis.
FMF presents Why I Sold My Mutual Funds
Group presents How to Make Money by Laddering Covered Calls
Carnivals:
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Thanks for the mention – keep up the good work. I’m enjoying this blog.