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Daily Archives: October 8th, 2008

Swinging Market Ends Much Lower

October 8, 2008 – 4:10 pm

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I hope you had your pepto bismol handy today, because today’s volatile market was one for the ages.  Down, up, down, up then one more swoosh down brought the markets to new multiyear lows.  This bear market is vicious and has swiped just about everyone […]

By HappyTrading | Posted in Uncategorized | Comments (0)

Central Banks Cut Rates; Stocks Still Weak! SPX, Nasdaq, GLD, ABX, AEM, GDX, FCX, PCLN, CTRP, IBM

October 8, 2008 – 4:01 pm

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Central banks around the global cut interest rates in a coordinated effort to help ease the credit crisis.  The Fed slashed rates by half-a-point to 1.5%.  The market was very volatile, going up-and-down many times; but, still ended down!  Certain sectors were able to hold on […]

By HappyTrading | Posted in IBM, FCX, GLD, CTRP, PCLN, ABX, GDX, AEM | Comments (0)