11.28. 08
Week YT Date
|
DJIA
|
8046.42
|
8829.04
|
782.62
|
+9.7
|
-33.40%
|
|
Nasdaq
|
1384.35
|
1535.57
|
151.22
|
+10.9
|
-42.10%
|
|
S&P 500
|
800.03
|
896.24
|
96.21
|
+12.0
|
-39.00%
|
|
Russell 2000
|
406.54
|
473.14
|
66.60
|
+16.4
|
-38.00%
|
The above chart shows what each of the Indices performance was for the week. The Dow was the poorest for the week but is the best for the year. It's sad when the best for the year is down 33.4%. For the week the R2K is the best with a +16.4%. Whenever you see figures like these you start to salivate and wish you had been in the market to capture those kind of gains. It is only then that some sense of reality sets in and you realize that you would have jumped out a window due to the losses incurred earlier. Let's face it, when you can make 10 to 16% in the market in a week with only 4 days of trading, something is wrong. Please don't get the itch to get in until some good solid fundamentals are showing up. Right now the market is emotional and is moving on good news, bad news and anything that has any semblance of a mixture of both. The volume this week was extra light as it always is the week of Thanksgiving. Let's see what this week brings and keep our funds 100% in Cash again.
Till next time
The MTA Staff
