Saturday, March 7, 2009

The Kirk Report

The Kirk Report

The Dark Side

Posted: 06 Mar 2009 03:05 PM PST

"Fear leads to anger, anger leads to hate, hate leads to suffering, suffering leads to the Dark Side." - Master Yoda

S&P 500: This Week

Master Yoda was correct and once again the Dark Side took the prize. Notwithstanding a feeble oversold bounce on Wednesday, the S&P 500 fell another -7.03%, Dow -6.17%, Nasdaq -6.10%, and the Russell 2000 -9.76%.

To make the big money this week, once again being "ultra short" just about everything proved worthwhile but that is especially true with the financials (SKF), real estate (SRS), industrials (SIJ), telecom (TLL), utilities (SDP), and consumer services (SCC).. As for stocks, here's a nice chart by that outlines some of this week's big movers.

See you next week my friends.