Saturday, February 28, 2009

Market Summary

Not a pretty week, month, or for that matter the YTD numbers either. We have had a string of bad months that made the year 2008 look like it fell off a cliff. and so far this year looks like more of the same. The numbers below tell it all, almost everything is red. When will it stop? Well the 1929 crash didn’t end until 1932. Lets hope our recovery starts a little sooner. Click on table to enlarge.

I am including the YTD performance of the sectors. A bright spot is the fact that technology is comparatively one of the least down in the list and that is reflected by the Nasdaq market. As the Nasdaq is generally considered to be the leader of market direction the fact that it is down the least is a good sign. Click to enlarge.

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