Tuesday, January 20, 2009

Equities: Financials Crash, Support Broken, Evacuation ...


Have you got your parachute?



UPDATE 1 @ 23:25 (21:25 GMT): heavy day, s&p500 closes 5.28% down, financials crash - S&P 500 Financial sector down 16.7%, KBW Banks down 19.7% for the day ...

Dow Jones Transportation makes new bear market closing low at 2959, however was lower intra-day on 20th and 21st November 2008.
815-820 area for S&P500 is resistance now ...

IBM reports better than estimated EPS after close, guides OK, but earnings conference coming ...

Citigroup (C) cuts dividend to 1c (CNBC says it was pre-announced in November .. i do not know as i do not hold them) ...
It does not look like panic ...

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