Friday, July 20, 2007

Not THAT Bad

Today's sell-off doesn't look nearly as bad on a chart as the pundits would lead you to think is was. Sure there were a lot of companies (CAT, GOOG, GS, WHR, DE, i could go on, and on) that got their hats handed to 'em, but look on the brighter side, It's still a bull market. As I was saying, the charts don't really give too much indication of extreme worry at this point. The worst looking of the bunch being the Russell2000.

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