![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRLuf_o7Era8FQDTDcq8YcCS-1SzmxWUg3X2XVPRyv3w1xAGGGIolhqPbxc-HLKgLBxHN1wZ3mfg5bawtjOfjB-VRtBu2dwlph4dbiDW7He0e3nZIl5FEdZH9cZDDOAEaw9l3FMg/s400/market_snapshot_feb_19_2009_1.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFDzMmpBUCKGGlGzASDirHnCC90x0lof0PdxEVdxRLg0K_6HHNxaEtgPW1xUuYhPpdh-nYTrCBbJwlamFxDMIV-X6Vv19_usEjDbH14Fts2BXX0M2EJYrisH6otq1N3rgRYn_nQg/s400/market_snapshot_feb_19_2009_2.jpg)
While the Dow made a new 6-year low today, the S&P 500 is still above its November nadir of 741 and the NASDAQ-100 is quite a bit north of its 1295 November bottom.
Don't watch the Dow too closely now. Even if Bank of America, General Motors, and Citigroup went to zero tomorrow,.....due to its price-weighted composition, the Dow would only drop about 50 more points.
And, of course, if those turds doubled tomorrow, if they went up 100% apiece,....it'd only raise the Dow about 50 points!
For my last trading update, click here.
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