So, we waited all week for that?
For 800$?
For the week, the Dow dropped 4.0% (down 8.8% y-t-d) and the S&P500 5.4% (down 9.8%). The Transports dipped 0.2% (down 8.6%), and Morgan Stanley Cyclicals dropped 3.9% (down 12.3%). The Utilities were smacked for 7.5% (down 5.9%), and the Morgan Stanley Consumer index fell 4.6% (down 7.7%). The small cap Russell 2000 was clipped for 4.5% (down 12.1%), and the S&P400 Mid-Caps sank 5.0% (down 11.9%). The NASDAQ100 declined 3.6% (down 11.6%), and the Morgan Stanley High Tech index lost 2.1% (down 12.1%). The Semiconductors rallied 1.3% (down 12.2%). The Street.com Internet Index fell 2.9% (down 11.5%), and the NASDAQ Telecommunications index dropped 4.7% (down 12.8%). The Biotechs declined 2.6% (unchanged). The Broker/Dealers sank 7.1% (down 14.2%) and the Banks 7.7% (down 12.4%). Although Bullion was down only $10.50 to $885, the HUI Gold index was hammered for 8.1% (up 6.7%)
- Noland's market summary.
Keep the 800$ you idiots. CUT THE FKEN RATES! DO IT NOW!