Thursday, September 22, 2011

Over the falls (again): -391 (-3.5%)


Dow dropped 391 today to close at 10,733. Dow dropped 283 yesterday. 675 points in 2 days. ouch.

TEVA keeps falling like a rock to close at $35.39 (down 3.4%).

Other notable losers:
-GS $93.98 (down almost 4%)
-BAC $6.06 (down 5%)
-BHP $67.28 (down 6.5%)

Nothing was safe today and commodities got hammered:
-Gold $1733 (down 4%)
-Silver $36.58 (down 9.6%)
-Oil $80.51 (down 6.3%)

My asset allocation is very light on precious metals. I may start rebalancing and aim for 10% PM's.

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