Feb 27th In Perspective
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Posted by Kirk Lindstrom Feb 28, 2007 |
February 28, 2007
Yesterday the DJIA closed at 12,216.24, down 416 points from the Feb. 26th close.
Corrections are regular parts of the market. I see them as great opportunities to accelerate your dollar cost average plans if you are below your target asset allocation and are on a DCA program to get to your target asset allocation. If you are like me and take profits as the market goes up to keep a fairly constant asset allocation, then corrections are great opportunities to get some shares back at cheaper levels to regain your target asset allocation.
Market Charts showing
February 27, 2007 Decline in Selected U.S. Indices
Index & Percentage Decline
Dow Industrials (3.3%)
Dow Transports (3.4%)
Dow Utilities (2.9%)
NASAQ Composite (3.9%)
S&P 500 (3.5%)
S&P 400 (3.1%)
Russell 2000 (3.8%)
Philadelphia Bank Index (3.2%)
AMEX Broker/Dealer Index (4.4%)
Real Estate iShares (3.2%)
Philadelphia Semiconductor Index (3.1%)
AMEX Biotechnology Index (3.7%)
AMEX Pharmaceutical Index (2.5%)
AMEX Oil Index (3.5%)
Reuters/Jefferies CRB Index (7.0%)
Philadelphia Gold/Silver Index (0.6%)
= > > Data courtesy of Henry To
Correction Watch
The intraday high for the S&P500 was on Feb. 22 at 1461.57.
The S&P500 low on Feb. 27th was 1389.42
Point difference is 72.15 or 4.94%
The intraday high for the DJIA was on Feb. 20 at 12,845.76
The DJIA low on Feb. 27th was 12,092.31
Point difference is 749.45 or 5.87%
Market Charts showing
DISCLAIMER: Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk. Individuals should consult with their own advisors for specific investment advice.