The panic of 2011

In our blog post three days ago we said that we wouldn’t be surprised to see the selling continued. On Thursday and Friday the stock market sold off on higher than average volume. Unfortunately, the stock market is increasingly in a panic mode with brokers reporting a spike in trading volume, as individual investors sell their stocks.

The good news is that the Fidelity Spartan 500 Index fund (FUSEX) is near its support level. If the support holds, the market can bounce back from here next week. If the support doesn’t hold, renewed selling can ensue and the panic can accelerate.

The Fidelity Spartan 500 Index fund (FUSEX) is near its support level.

The Fidelity Spartan 500 Index fund (FUSEX) is near the support level.

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2 thoughts on “The panic of 2011

  1. Pingback: Don’t Panic | MyDSNY Blog

  2. Pingback: DSNY Family » Don’t Panic

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