Thursday, November 15, 2007

Down again

Another bummer day in the market, Dow down 120 & NAZ down 26. Uh oh. Traders must have read my points from midday: JC Penney, high oil prices & financial problems are shook the market late in the day. Recently it has become common for the market to sell off near the end of the day. The Dow is back at 13.1K, near the bottom its trading range for the last few months. The VIX is around 26 indicating continued high volatility. Tomorrow can be anotehr wild day!

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