| Last Week's Insider Buys and Sells |
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| Written by Ric Conzet | |||||||
| Tuesday, 18 November 2008 08:33 | |||||||
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3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
January 6, 2009 Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies. Financial stocks also slumped after Deutsche Bank cut its earnings forecast on 16 large commercial banks, including JPMorgan Chase & Co another Dow component. JPMorgan fell nearly 7 percent. The Dow Jones industrial average .DJI fell 81.80 points, or 0.91 percent, to 8,952.89. The Standard & Poor's 500 Index .SPX shed 4.35 points, or 0.47 percent, to 927.45. The Nasdaq Composite Index . slid 4.18 points, or 0.26 percent, to 1,628.03. We spent the day polling stock analysts; they all think we are in for a minor Obama rally but our technical charts don’t show it. It’s a mixed bag folks. Think about it this way Tech company Logitech is laying off people, while the FBI initiates its largest hiring spree in its history. We're living in interesting times. Be careful, very careful. |