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.
Subscribe to this blog via RSS or email.
Check out the latest BuzPal t-shirts here!
chrisco.wordpress.com 
One thought on “Quick Market Update / NASDAQ Chart”
Comments are closed.