|
Grizzly's Growlings Flash Update
Tuesday 04/20/99
In a sure sign that "the fat lady is singing," the NASDAQ yesterday plunged 138 points or 5.5%, its second worst point drop in history.
Look at the massive carnage in the high tech leaders:
| YHOO | 163 11/16 | -25 1/2 | -13.48% |
| AOL | 115 7/8 | -23 7/8 | -17.08% |
| AMZN | 158 15/16 | -31 1/16 | -16.35% |
| EBAY | 154 1/8 | -21 7/8 | -12.43% |
| PCLN | 59 7/8 | -21 1/2 | -26.42% |
1.23 billion shares traded on the NYSE, its second-busiest day in history, The DJIA shot up like a rocket in the morning, gaining 272 points to a record intraday high of 10,765. Then, it noticed what was happening in the NASDAQ, and promptly plunged 360 points before finally closing at 10,440, down 53 points on the day.
For those who were ready, the leading Bear Funds soared amidst the market chaos:
| BEARX | 4.61 | +0.13 | +2.90% |
| URPIX | 28.60 | +1.30 | +4.76% |
| USPIX | 12.72 | +1.20 | +10.42% |
| RYURX | 8.64 | +0.19 | +2.25% |
| RYAIX | 8.57 | +0.46 | +5.67% |
We believe Monday's early action in the DJIA marked THE top in the markets. The Great Bear Market is on its way! Stay tuned!
Grizzly
Please read the disclaimer.
to Grizzly's Growlings' Archives
back to bearmarketcentral home