Axis of Right

Three Native Rhode Islanders Commenting From the Right on Politics and Anything Else

Wall Street Swings!

Posted by Ryan on January 23, 2008

The Dow Jones Industrial Average was having a major mood swing today:

…sell sell sell… sell sell some more… buy buy buy buy buy!!! 

At the end of the day, the Dow was up over 12,200 again, being up nearly 300 points when it was all said and done, after having been down as much as 320.  The entire New York Stock Exchange saw 7.44 billion shares trade hands today– an all-time record high volume.  While technically in the early stages of a bear market, Wall Street is apparently confronting the recession jitters and digging in by picking up good stocks cheap. 

Good for them since my 403b has been completely rocked thus far in 2008! 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: