DJIA only 25 points above November 2008 intraday low

Posted By on February 19, 2009

DJIA close 2/19/2009Traders saw most stocks fall on Thursday, putting the Dow Jones Industrial Average back on a bear-market closing low track. The financial sector continued to decline and there was little desire by investors to  buy equities with the gloomy economic data.

The Dow Jones Industrial Average dropped 89.68 points, or 1.2%, to close at 7465.95 which is only 25 point above the intraday low of 7449.38 set in on November 21st of last year. There has been little for investors to cheer.

DJIA close 2/19/2009

On a different note, here’s CNBC’s Rick Santelli and his so called “Rant of the Year” from Wednesday. I’d say he is a bit irritated at Washington DC’s (Dems) plan to stem mortgage defaults by stepping in to help.

Comments

  • Closed off another 100 points on Friday … and for a moment was tracking below 7260. Ouch …

  • broker

    OHH This is good for me. Thank ^_^ I really do appreciate your time on putting this up

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.