Monday, November 19, 2007

Gloomy day

Another gloomy day as the Dow closes below the important 13K level. NAZ was also down big, Google (GOOG) is down over 100 points from its high a few weeks ago. The usual suspects are at play, weak housing and plenty of banking worries, banks sold off big once again. In addition, Countrywide (CFC) is at a new low in the 10's. Earlier this year it was over 45. They are the biggest mortgage holder, if they fall that's going to be a big uh-oh! Hewlett-Packard (HPQ) reported good earnings after the close, maybe that will help tomorrow. I'm sure how much good that will do. Hang in there.

No comments: