Posted on September 30, 2008 - by andrew

Market Update - September 29th 2008

The rally is dead now after markets suffered one of the worst days in history (…again):

• NYSE: -8.7%
• S&P 500: -8.8%
• Dow: -7%
• NASDAQ: -9%

There’s not much for me to say. The rally is dead now since the markets undercut their most recent lows yesterday.

Just be glad you didn’t jump the gun too soon after last week’s confirmation day. Leading growth stocks never followed the markets after the rally was confirmed. That was the main reason why I never got a chance to buy anything.

We’re gonna be in wait and see mode going forward. Don’t try to predict what will happen. Let the markets tell you what to do.