USMarketView

August 22, 2011                  Small Changes Follow Steep Drop

 

 

 

Prices dropped some  -17 percent in the 31 days since the down draft started on July 7. Yet this sharp decline ranks only as the 97^th worst, ever. Thus today’s minimal gains fall far short of signaling this contraction’s end.

 

It is the first gain in four days for the NASDAQ, whereas the DJIA and the S&P500 positive close after two declines.

 

The record implies another decline for tomorrow following this pattern.

 

 

 

 

DJIA                     .34 percent

NASDAQ             .15  percent

S&P500                .03 percent

This entry was posted on Tuesday, August 23rd, 2011 at 12 082011000000Tue, 23 Aug 2011 08:28:55 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.