T2W Bot

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First, it was Citigroup disappointing with their earnings shortfall, and this, along with less-than-stellar retail sales numbers for December, sent stocks roiling on Tuesday. The Dow and S&P finished the day lower by more than 2%. To add insult to injury, Intel’s lackluster earnings release after hours pummeled those shares, setting in motion a plunge in the stock index futures. Translation – the market’s in for more selling (at least in the early part of the year).
Can things possibly get any worse? Yes, they can. People seem to possess very short memories. After all, it?s only been 4 years since we suffered through one of the worst Bear markets (caused by the technology-led recession) in history. How bad did things get then? From the beginning of the Bear phase in March of 2000, to the lows of August 2002, the Nasdaq Composite shed roughly 85% of its value. The S&P didn’t fair much better, with a 50% trimming of its market capitalization. In the recession of the early 90’s the...

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