DOW down 243 NASDAQ down 51 S&P down 28
Well it looks like we've got the famous 'second leg' that everybody has been waiting for. Support on the S&P is 1371 apparently, it needs to bounce off this level, if it doesn't, lots of hedge fund managers will be dumpng more stocks so things could get hairy, so we are told. Liquidity crisis in subprime mortgages etc... Financials led declines down today, even Goldman Sachs which posted record profits this morning. Finsihed at lows of the day.
Bob Pisani says - we had weaker dollar/stronger yen - Goldman turned negative - Europe closed at lows.
Texas Instruments didn't raise guidance led to bad day on Nasdaq
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