Switzer on Saturday

OK, it’s a healthy correction but when does it end?

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,190.90
330.44
1.38%
-5.21%
S&P 500
2,619.55
38.55
1.49%
-5.16%
NASDAQ
6,874.49
97.33
1.44%
-5.06%
ASX 200
5,838.00
-52.70
-0.89%
-4.63%
Data for week commencing 05 February, 2018

Like most tough times in your life, an overdue correction always goes on longer than you want. It’s like a diet that works but takes more time than you want. But what I liked about Friday’s trading on the local stock market was that we dropped 0.89% on the S&P/ASX 200 index, while the Dow Jones was down over 4% at the time of writing this article.

And if it ends in negative territory overnight, it could be the worst week for stocks in nine years. The S&P 500 index is only down about 5% for the week, before the end of trading on the last day of the week. However, since 26 January, it’s down over 11% so it’s had its correction.

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