Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Bear Sterns, Fannie Mac, Freddie Mac, Lehman Brothers, AIG, Merril Lynch, WaMu, Wochovia. The list of troubled financial institutes is getting longer and longer, while the $700 billion bailout plan is still up in the air. Uncertainty brings volatility. Dow Jones Industry Average opened this week at 11400, went down560 points to the low of 10840 before climbing back to 11140 at close of the week. Again, we are sitting at the side line before the trend turning around.
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