Three out of the four trading days this week experienced 200-point daily moves in the Dow. Some were up, some were down. Still the recent low has held.
The following picture shows charts of the S&P 500 Index on two timeframes: daily and 5-minute bars.
Here are a few of the posts I found interesting this week:
- Hulbert Says The Stars Have Yet to Align to End the Bear Market (NYTimes)
- Big Mac Index: currencies are expensive in Europe, cheap in Asia (The Economist)
- Real Estate is down; so flip a website instead (NYTimes)
And, a little bit extra: