Thursday, March 5, 2009

This Has Been a Rough Year Already

So far in 2009:

- Dow Jones Industrial Average is down 2,181.95 points

- This is a drop of 24.86%

- 28 out of the 43 trading sessions have been negative

- The longest streak of gains is only 3 days (1/26, 1/27, 1/28)

- That streak was wiped out by the next 2 trading sessions (1/29, 1/30)

I am thinking of retiring this table, it is always good to go out on top. For the first time, the TARP infusions EXCEEDED THE TOTAL STOCK MARKET CAPITALIZATION of the recipients. The stock market is finally getting how bad the situation is. I think a rally is on the horizon.

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