Friday, June 22, 2007

Worst Friday Since Mid-March

Friday's over the last few months have been spectacular days for the market. In fact since March 16th we haven't had a single down day in th Dow to end the week. That all came to an end today with the Dow off 185 points to close the week down more than 2%. (Hat Tip: Bespoke Investment Group) While too much shouldn't be read into the fall, it shouldn't surprise people that the market was off this week with all of the bad news surrounding Bear Stearns' hedge fund blow-up and the bloody subprime debt market. Unless we have a flurry of deals over the weekend next week could be a repeat affair. Click the graph below to enlarge:


Posted by The La Jolla Guy at 5:38 PM

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