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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Thursday, October 2, 2008

Blood in the Streets....

Not quite blood in the streets, but by far the Transportation sector got hit the hardest today. Basically they took the Reagan quote of "if it moves" and applied it to selling stock.
It's hard to say what to expect tomorrow as the monthly employment numbers come out prior to the open and the "It's not a Bailout" Bailout House vote is scheduled for noon.

Were the last two days nothing but a Bull trap? I guess (and that is pretty much as good as anyone else's opinion at this point) we will have to wait and see what the reaction is after the vote.

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