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.

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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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Value Investing
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Friday, 4 October 2013

Dow breaks below 15000

By: | Stock Market Writer

Stocks finished broadly lower Thursday, with the Dow closing below the psychologically-important 15000 mark, after gunshots were fired outside the Capitol building and as the government shutdown dragged into a third day.

The Dow Jones Industrial Average slumped 136.66 points, or 0.90 percent, to close at 14,996.48, dragged by Boeing and Chevron. The blue-chip index finished below 15,000 for the first time since Sept. 6.

The S&P 500 fell 15.21 points, or 0.90 percent, to finish at 1,678.66. And the Nasdaq tumbled 40.68 points, or 1.07 percent, to end at 3,774.34.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 17. The index measures expectations for future stock swings based on the prices investors are willing to pay for options tied to the S&P 500 index. The VIX has surged nearly 15 percent this week.

All key S&P sectors remained in the red, dragged by utilities and industrials.

CW8888: Will Oct Crash repeat its History?


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