Don't Miss Out On Great Gains! - Best Investment Newsletter


Don't miss out! Subscribe Now

Search For More

Sunday, September 21, 2008

Market Update for September 21, 2008

The stock markets liked the news (see Financial Bailout - A Day To Remember) and rallied Thursday and Friday, but they remain in bear market territory.

S&P500 Chart
Last Market High 10/11/07 at 1,576.09
Last Market low 09/18/08 at 1,133.50
Current S&P500 Price 1,255.08
Decline in Points = 321.01
Decline in percent = 20.4%
Max Decline = 28.1%
=>This means the decline from intraday high to intraday low is 28.1% and we are currently 20.4% off the peak.
=>The decline in the S&P500 from the closing high to the closing low was 26.1%

Click chart courtesy of stockcharts.com for full size image
DJIA Charts
Last Market High 10/11/07 at 14,279.96
Last Market Low 09/18/08 at 10,403.75
Current DJIA Price 11,388.44
Decline in Points = 2,891.52
Decline in percent = 20.2%
Max Decline = 27.1%

=>This means the decline from high to low has been 27.1% and we are currently 20.2% off the peak.
=>The decline in the DOW off the closing high to the closing low was 25.1%

NASDAQ Charts
Last Market High 10/31/07 at 2,861.51
Last Market Low 09/18/08 at 2,070.22
Current NASDAQ Price 2,273.90
Decline in Points = 587.61
Decline in percent = 20.5%
Max Decline = 27.7%
=>This means the decline from intraday high to intraday low is 27.7% and we are currently 0.205349623 20.5% off the peak.
=>The decline in the NASDAQ off the closing high to the closing low was 26.6%

I was a buyer Wednesday, Thursday and Friday. To learn what I bought for my newsletter explore portfolio, subscribe now!

Kirk Lindstrom's Investment Letter Performance

Followers (New)