Flipping through charts this evening and just had to post what I'm looking at, for posterity sake. What we're going through in the markets right now is just complete decimation of stocks as an asset class. I know plenty of people that are holding a lot of these stocks in their retirement accounts, and have probably held them for years, with barely a worry for them getting to the levels they currently inhabit. Take a look at some of these issues:
Let's start off with
GM on a monthly chart...
GE, recently fell through what should have been strong support
KO approaching decade-long support
JNJ, will it fall off the cliff it's standing on?
CLX, we all need bleach
GS, all-time lows 17% away...
MA weekly chart...looks like a bear flag to me
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How long before we see $20 on
RIMM
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