Next week we may get more clarity on the banking situation, good or bad! Meanwhile, the DOW is now just below the low point established back in November, and the S&P is almost there (see chart above). We could be near a reversal point, or it could just keep on going down -remember we are still in a vicious bear market!
About the only thing that seems to be going up right now is gold, and gold and silver stocks (ABX, AEM, AUY, EGO, GG, GRS, HMY, IAG, KGC, RGLD, SLW, VGZ). They are probably ready for a pullback at this point though, many of them having been up more than 100% since the October bottom.
Major indexes fall more than 6 percent for week
S&P heads to first quarter ever of negative earnings
Charts Predict: S&P Down to 600
Continuing jobless claims set record
Saab in Bankruptcy Filing; G.M. Seeks More Aid
Gold tops $1,000 an ounce
U.S. Tries a Trillion-Dollar Key for Locked Lending
Rating the Top 12 U.S. Banks - From Hidden Gems to Zombies
Nationalization concern dogs Citi, Bank of America
Get ready for a wave of bank failures
Russia goes from splash to crash as commodities tumble
How to lose money in 10 years
How to lose money in 20 years
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