Market Recap: August 20th, 2008
August 20, 2008 – 9:26 pmMan what the hell happened today. All my puts were making money this morning but the DJIA as well as the bulls found some way to end the day in the green. To show how I felt through the day, here is a nice graph describing how it was:
Got up this morning at 8 AM and at 8:30 I was absolutely ecstatic, marked by the smiley face drawn on the chart. I left my house and when I went on my computer next at around 11 AM, I was like WTF. This is marked by my sad face. The market then hovered around the unchanged for a bit and I was a bit befuddled before we saw a big bull run in the last half hour of trading. This is again marked by the sad face in the picture. Banks flew today in the higher direction, definitely something I didn’t want.
Thanks for reading.
-Justin Moon, Senior writer for Marketchasers.com