Friday, February 27, 2009

That's a Wrap: The Market has Given Back One-half of ALL the Gains in the DJIA Since the 1932 Market Bottom

The Dow Jones Industrial Average closed today at 7062.93.
It seems like it was only yesterday [it was -ed] that I was talking about this rather astounding occurance.
I'm not sure what it means but a 17 month 50% retracement of a 75 year bull run seems noteworthy.