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Market Close

Posted: October 6, 2008 at 4:11 pm by Chuck 

At 3:30ET, this is what the market internals looked like:

MARKET INTERNALS UPDATE AT 3:30PMET
-  NYSE volume 1.4B shares, about 35% above its three-month average; decliners lead advancers by 13.8:1.
- NASDAQ volume 2.9B shares, about 60% above its three-month average; decliners lead advancers by 6.7:1.

Quite a day, with the VIX reaching 58, the TRIN going over 5.9 and the Dow falling below 10,000.  The Dow closed just below that at 9955, (I think it’s settled), the Nasdaq closed down 84 at 1862, and the S&P closed down 41 at 1057.  I’ll have more later, and some charts.  Hope everyone did well today, it was wild!

Oh, and Bank of America issued this missive:

BAC REPORTS Q3 $0.15 V $0.62E, CUTS DIVIDEND TO $0.32, TO SELL COMMON STOCK TO RAISE $10B

Comments

One Response to “Market Close”

  1. Ruffcut on October 6th, 2008 4:19 pm

    I have become speechless.
    Ouch times 10…….
    Gona buy a hand gun, buy supplies for a depression type downturn?
    Yep, after the shock!!

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