Another week, another loss for the major indices. The Dow finished the week down -5.3%, the Nasdaq lost another -8.7% and the S&P 500 sank another -8.4%. The big loser for the week was the Russell 2000 which fell nearly 10% bringing the yearly losses to -46.9%. We really don’t talk that much about the
Obama In, Bush Out
So much for the Obama bounce! It appears as if it was a buy on the rumor; sell on the news with President Obama’s inauguration. Statistics have shown that the inauguration is a loser for the major markets most of the time. Add to that the fact that earnings season is off to a rough