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Dow Hits New 2008 Low

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June 26, 2008 RSS Feed Print
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From the Wall Street Journal's MarketBeat blog:

With its latest decline, the Dow Jones Industrial Average has reached a new intraday low for 2008, falling to 11626.43, surpassing the previous intraday low of 11634.82, reached on Jan. 22. Stocks have recovered a bit—and the other major averages, the Standard & Poor's 500-stock index and Nasdaq Composite, are far from their yearly low.

Technicals don't look too cheery, and with today's big downgrades on Citigroup and General Motors, there's not a lot of reason to expect a big Dow rebound. Is the next leg down on the way?

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stocks,
Dow Jones Industrial Average

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If the supply stay put in good amount then it will not be so much of the troubles having a very low barrel price to re-boost - EconoFlow- back to optimum level as usual 10 Years Ago at least to say. Why Not?

Then having a lot more juice out of general -EconoFlow- back to 'normal' again everything will be back on business as usual.

3 Factors involved into the formula but one of them are disturbing the balance in the ecuation and it is the ( Barrel Price) which are way out of proportions unbalancing the normal -EconoFlow- technically spaking. So, we have 3 Factors in play. Some how like an elementary algebraic proportional formula otherwise.

Resistor=(Barrel Price)

Supply=(Oil Deliver)

Econo=(Flow) ie. business-jobs-markets-housing-etc.-

But this is just a rough model only. Hopeful somebody become with a much better approach to it soon. Alrigth all have a good one now and 'go with the flow'.

Mike C. of CT 1:46PM June 26, 2008

The Ticker

Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.

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