Please create an account to participate in the Slashdot moderation system


Forgot your password?
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×
User Journal

Journal lucabrasi999's Journal: Stock Market Weakness

Today (May 30th), the DJIA dropped a total of 184 points (almost 2%). That wiped out the gains that were made over the previous three days. I think that we are definitely out of the bull market from 2005 and early 2006. I also believe that, at best, we are in a trading range. But, I'm beginning to think we are heading towards a bear market. I'm mostly out of stocks (and have been so for about three weeks). I am now waiting for bear to be reached.

The DJIA is at 11,094. When it reaches 9,400, that will be the 20% drop that makes it a bear market. That is when I jump back in.

Of course, if I am wrong, then I don't lose money, I just don't make as much as I could have (I leave money on the table). Instead of keeping money in the stock market funds, I moved my money to much more conservative investments. I still earn some low level of interest, just not the 8% return that I have been making over the past couple of years.

This discussion has been archived. No new comments can be posted.

Stock Market Weakness

Comments Filter:

It's later than you think, the joint Russian-American space mission has already begun.