Utterly Meaningless » Blog Archive » STRIKE THREE?

    Filed at 8:01 am under by dcobranchi

    When I wrote this post less than a week ago, the cheerleaders on CNBC were touting the fact the the Nasdaq Composite was still 200 points above its 200-day moving average as proof that “all will be well in the garden.” Here’s yesterday’s closing chart.


    Not looking so hot, is it?

    2 Responses to “STRIKE THREE?”

    Comment by
    Not June Cleaver
    November 13th, 2007
    at 10:20 am

    Aaaaack, that is not how I wanted to start my day. 🙁

    Comment by
    November 13th, 2007
    at 11:02 am

    But I hear Walmart’s last quarter earnings exceeded analysts predictions. So the world will still keep spinning…