Saturday, January 31, 2009

The Kirk Report

The Kirk Report

Worst January Since 1970

Posted: 31 Jan 2009 09:16 AM CST

Here's how the week unfolded:

S&P 500: This Week

Since last Friday's close, the S&P 500 dropped -0.73%, Dow -0.95%, Nasdaq -0.06%, and the Russell 2000 -0.19%. January's loss is the worst showing since 1970. If this month sets the tone for the rest of the year, we're in for a it!

To win big this week you needed to be nimble enough to play the end-of-the-month pump and then walk away and short it over the past two days. Next week we have more earnings, data on housing, and another jobs report to kick off February. See you then my friends!