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Article: FirstAlert(tm) Daily 11/2: Setting Up For A Fall.
- Article from:
- Investrend
- Article date:
- November 2, 2009
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Nov 02, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/02/firstalerttm-daily-112-setting-up-for-a-fall/)
- Commentary -
November 2, 2009 (FinancialWire) (By Genevieve Hawkins) -- Investors were spooked last week as volatility climbed, and if news from automaker Ford (NYSE: F) isn't as good as expected, the drop could signal the end of the rally.
Last Friday's drop led the Dow down 2.6% for the week, while the S&P 500 lost 4.0% and the Nasdaq plummeted 5.1% to end October. Investors are nervous that government stimulus programs that have kept the economy propped up will be removed in the near ...