On the 27th, weren't we hearing that October was the best month for equities since 1975? By the 28th, that had changed considerably... but October was still the 3rd best in history.
Now it's November 1st, and (despite what this article says) the Dow is down almost 300 points. I have a feeling 'Awesome October' is going to be a one-hit wonder.
My 401(k) currently has no stocks. I think I'll keep it that way until the Greek vote nears (though that's probably soon)... and maybe after that.
Note that the Nasdaq is now well below the 2,700 "peak" I predicted.
Nov. 1, 2011, 10:52 a.m. EDT
U.S. stocks rattled by Greek bailout move
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks slumped Tuesday as Greece’s call for a referendum on its rescue package shook investor confidence in Europe’s effort to contain its debt crisis. The slide had November off to a poor start following one of the best Octobers on record.
The Dow Jones Industrial Average fell 172.63 points to 11,781.17, with 28 of its 30 components in the red.
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The Nasdaq Composite dropped 50.65 points to 2,633.75.
Decliners raced ahead of advancers by a more than 5-to-1 ratio on the New York Stock Exchange, where 292 million shares traded by 10:35 a.m. Eastern.
Wall Street’s second day of declines had both the S&P 500 and Nasdaq back in negative territory for 2011.
Full story: http://www.marketwatch.com/story/us-stocks-rattled-by-greek-bailout-move-2011-11-01
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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