Ugh!

Today was a wipeout. The S&P 500 dropped below 700 for the first time since October 28, 1996, just days before the 1996 Presidential Election. To add some perspective, Barack Obama was just 35 years old at the time. Neither of his children was even born.
The Dow dropped to 6763.29. Obviously, traders were glued to this site since the Dow closed within inches of the Fibonacci number 6765.

Posted by on March 2nd, 2009 at 6:11 pm


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