Depression Watch

Dow Close               8,943.81      248.02
Last Friday's close    9,325.01  
Fri-to-Fri change =    381.01 (-)
Week's Hi                9625
Week's Low             8,695.79
Hi - Low change =    929.21 (-)

While the week ended on an apparent positive note, but it's also to be expected after a near 1000 point loss. However, the week to week trend is still downward. The slope (steepness) of the trend will determine whether we are heading toward a recession or depression (the very bottom of the market). If you are, as Democrats stated before the election (and for the last 8 years), of the opinion that we are already in a recession, then we are heading (perspective wise) toward a depression.

note: (-) denotes a downward trend

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