Crude Oil Prices Spread Fear Throughout Large Cap Stocks
May 21, 2008
As the price of crude was nearing and setting all time highs stocks were took a beating. The selling wasn’t necessarily “PANIC SELLING” like we saw on August 16th, 2007 but, it was starting to near those levels. At the end of the trading session the NYSE indexes that include NYSE composite, Dow Jones Industrials, and the S&P 500 notched distribution days. We now have the Dow and S&P500 with 5 distribution days in the past 4 weeks. However, the leading index NASDAQ composite has only … [visit site to read more]
Crude Oil Prices Spread Fear Throughout Large Cap Stocks
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