Sunday, November 09, 2008

another volatile week

so Obama is now the president. Now what? The party in the markets quickly ended after the election as the down saw one of its worst 2-days slides ever. Despite a pending change in the administration, we as a nation are still left with an ailing economy with a high unemployment rate and fighting a war that is draining the lifeblood from the country's coffers.

The market bounced back a bit on Friday but the current climate is still the status quo. More rough times ahead which means more downside volatility for the markets.

Happy weekend.

DJIA 8,943.81 +248.02

NASDAQ 1,647.40 +38.70

SP500 930.66 +25.78

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