For the first 5 trading days of the year, both the S&P 500 and the Dow Jones Industrial Average are down over 5% each and the Dow Transportation Average is down over 9%.
The 10-year trasury yield broke below 3.8% today as well making current dividend yields for many stocks looking very attractive.
So much for January being one of the best months of the year for the market.
Tuesday, January 08, 2008
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