Quick Market Update / NASDAQ Chart

2009-10-29 UPDATE: Updated NASDAQ chart and comments.

Just time quick post. The annotations on the chart are self explanatory. Coming after a 7-month, 73% rally, they represent a yellow flag (caution). See also this weekly chart I posted last month, when we were at this same level, the one I posted yesterday, and the one shown below:

The mother of all moral hazards?

I’ll close with a quote from Mervyn King (Bank of England): “Bank bailouts created the ‘biggest moral hazard in history.’” Indeed!

The GMO Quarterly Letter

“Just Deserts and Markets Being Silly Again” (PDF). Good read.

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This entry was posted on October 22, 2009 at 7:20 am and is filed under mr market with tags 2009, charts, disribution days, mr market, october, quotes. You can follow any responses to this entry through the RSS 2.0 feed Both comments and pings are currently closed.

One Response to “Quick Market Update / NASDAQ Chart”

Quick Market Update: NASDAQ and USD Charts « chrisco.us Says:
November 13, 2009 at 6:09 am

[...] time for a quick update on the action that began last month (see previous blog or TwitPic). See annotations on the above and below chart for today’s updates. My short [...]

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