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!