As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 24 September 2013

Stocks post 3-day losing streak

By: | CNBC.com Stock Market Writer

Stocks closed lower for the third-straight session Monday, extending sharp losses from the previous week, as investors digested headlines from Fed officials and amid ongoing worries over the debt ceiling and budget wrangling in Washington.

The Dow Jones Industrial Average declined 49.71 points to end at 15,401.38, dragged by new Dow member Goldman Sachs. Visa and Nike also officially joined the blue-chip index Monday, replacing Alcoa, Hewlett-Packard and Bank of America.

The S&P 500 dropped 8.07 points to close at 1,701.84. And the Nasdaq fell 9.44 points to finish at 3,765.29.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 14.

 

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