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Dow, S&P Log Worst Thanksgiving Week Since 1932

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villager Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 01:13 PM
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Dow, S&P Log Worst Thanksgiving Week Since 1932
Source: CNBC

Dow, S&P Log Worst Thanksgiving Week Since 1932


Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the weekend and amid ongoing worries over the euro zone.

The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis.

<snip>

"Again, we're trading on very thin volumeYou're going to have continued downward pressure over the next 30 days," said Todd Schoenberger, managing director at LandColt Trading. "It's very difficult to be long this market because you have so many issuesthere's more potential for negative headlines than positive ones."

In Europe, S&P downgraded Belgium one notch to AA from AA-plus, further underscoring worries over the euro zone debt contagion.

<snip>

Read more: http://www.cnbc.com/id/45435459
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 01:48 PM
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1. Black December?
:shrug:
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TalkingDog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 02:38 PM
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2. At least Black Friday
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