- 420

Another sell off. Dow closed at 10,990.

Mortgage interest rates at 50 year low: 30 year fixed at 4.15%.

"Experts" are saying we are on the cusp of another recession. I don't think we ever got out of the last recession.

AFL @ $35.36
GE is testing $15 again. Closed at $15.34.
INTC @ $19.77. Yielding 4.25%.

+423 (3.95%)

The roller coaster continues.

Dow closed at 11,143.

The S&P was up 4.6%.

-520 points (-4.6%)

It literally is 2008 all over again.

DOW closed down 4.6% at 10,720.

I think we are oversold. Yields are getting juicy.

MDT @ $30.41. 3.2%
LMT @ $66.87. 4.5%
INTC @ $19.93. 4.21%

+430 (3.98%)

I knew it would happen. Big rebound day in the market after fed says they will keep rates at 0 for the next 2 years. Wild day as market was down over 150 late in the afternoon an d rallied 600 plus points to close at 12,240.

The talking heads are putting chance of double dip recession 50/50.

Personally I hope for a training range in the 11,000-11,500 range so I can continue to accumulate positions.

Buys today:
ABT $150@ $47.68 (4.03%)
MO $150@ $24.44 (6.22%)
EXC $200@ $40.00 (5.25%)
GE $250@ $15.35 (3.91%)
JNJ $150@ $61.16 (3.73%)
KMR $350@ $57.25 (8.03%)
LMT $250@ $68.95 (4.35%)
PAYX $200@ $26.18 (4.74%)
PEP $150@ $62.26 (3.31%)
PG $200@ $59.91 (3.51%)
RDS.B $250@ $62.30 (5.39%)
TEVA $350@ $38.72 (2.07%)

These purchases will pay $120.43 worth of dividends over the next 12 months.

2008 all over again -634.45 (-5.54%)

It's 2008 all over again. S&P downgrades US Govt debt from AAA to AA and market responds w/ 635 (5.5%)drop to close at 10,810 and S&P drops 6.9%. Russell 2000 index drops 8.9%.

NASDAQ down 12.4% over the last 3 days.

Ugly.

CLGX down almost 50% over the past month and over 42% over the last 5 days!

BAC down 20% to close at $6.51.

Buys today:
TEVA $1030@ $38.14 (2.1%).

This purchase will pay $21.59 in dividends over the next 12 months.