Wednesday, February 6, 2008

US Market Summary 5 Feb 08

Dow 12,265.13 -370.03 -2.93%
Nasdaq 2,309.57 -73.28 -3.08%
S&P 500 1,336.64 -44.18 -3.20%

Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession.

There will be panic selling across the Asia market today as there is only half day trading for today. Take up short positions and buy puts to cash in at the end of the day.

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