Will the market correction to continue today?
By Chris How | August 16, 2007
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Dear readers,
The US market closed in the red yesterday at a four-month low due to worries on credit and mortgage markets. This was despite of the injection of some $7 billion of temporary reserves. The Dow and Nasdaq have now fallen for five straight sessions while the S&P 500 has slipped for four of the last five sessions.
The Dow has lost over 8 percent, since hitting an all-time high above 14,000 almost a month ago. The S&P 500 has fallen more than 9 percent since hitting its all-time high around the same time. The Nasdaq has fallen 9.6 percent from its 2007 high. For the STI, we have lost 11 percent, which may increase to 13-14 percent.
link :
askchrishow.com
