Weekly Market Recap, Where is the Bottom?
Posted on Fri 6th Mar, 2009 05:46:03 PM
Last Friday we finished the week by highlighting the fact that the S&P 500 has had its worst start to a year ever in its history. The Dow had fallen under its November lows but the NASDAQ still held strong. Held strong until this week that is.
This week was yet another punishing scenario of lower lows and heavy selling. The S&P 500 lost 7% and the NASDAQ with little effort slid right through its November lows and into more uncharted territory. Now the November lows are a thing of the past and the real bottom to this bear market is yet again to be found.
Charts and analysis of all three major indices below.
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