June 17, 2009
The markets appear to have bottomed today, at least enough to slow their
rate of fall. (Tomorrow is a quadruple options expiration date, so that
might have something to do with what's happening.)
8,497.86, and the S&P 500 declined 1.26
to end the day at 910.82.
mentioned above, Oil ended
a barrel, while gold
fell a 1.19
One factor that could have been weighing on the market
is the government's just-announced new rules for the financial industry.
Basically, though, it's probably time for a correction. This market has
come a long way with no real pullbacks until now.