24/7 Wall St.
07-17-2008, 05:00 PM
24/7 Wall St. Daily News
We've had essentially a 500 point rally in the DJIA in just the last two days and oil is starting to lose its mo-mo. Yet some companies just refuse to participate in the rally because of news, and many look like they were caught in a mid-city explosion (hence the image). Regardless of how the market does you can always count on many news-driven or sector driven events causing new lows. One thing is for sure during a weak economy and during choppy earnings, there will be many more stocks in the coming weeks hitting 52-week lows. Some will continue...http://feeds.feedburner.com/~f/typepad/RyNm?i=soPpVJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=soPpVJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=63ZAFJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=63ZAFJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=5qj4dj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=5qj4dj)
complete story here... (http://www.247wallst.com/2008/07/52-week-low-clu.html)
We've had essentially a 500 point rally in the DJIA in just the last two days and oil is starting to lose its mo-mo. Yet some companies just refuse to participate in the rally because of news, and many look like they were caught in a mid-city explosion (hence the image). Regardless of how the market does you can always count on many news-driven or sector driven events causing new lows. One thing is for sure during a weak economy and during choppy earnings, there will be many more stocks in the coming weeks hitting 52-week lows. Some will continue...http://feeds.feedburner.com/~f/typepad/RyNm?i=soPpVJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=soPpVJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=63ZAFJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=63ZAFJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=5qj4dj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=5qj4dj)
complete story here... (http://www.247wallst.com/2008/07/52-week-low-clu.html)