Thursday, September 4, 2008

Market Overview - BLACK THURSDAY !

Market Overview - Yahoo! Finance - The basics of investing.:
"Advances & Declines
NYSENASDAQ
Advances526 (15%) 544 (19%)
Declines2,844 (83%) 2,279 (78%)
Unchanged73 (2%) 95 (3%)
Up Vol*271 (7%) 89 (5%)
Down Vol*3,513 (93%) 1,614 (95%)
Unch. Vol*11 (0%) 3 (0%)
New Hi's2034
New Lo's237143
*in millionsmore..."


lOOK AT TRINQ - a summary of all the high, low, volume for the day

Bill Gross Pimco: FINANCIAL TSUMAMI could come...Adding to the anxiety, Pimco's Bill Gross is warning about the potential for a "financial tsunami" if the U.S. government doesn't do much more to bail out both lenders and borrowers alike: "If we are to prevent a continuing asset and debt liquidation of near historic proportions, we will require policies that open up the balance sheet of the U.S. Treasury -- not only to Freddie and Fannie but to Mom and Pop on Main Street U.S.A., via subsidized home loans issued by the FHA and other government institutions," Gross writes..."

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