12-Nov

More negative news and market slide to test October lows!

It was another bad day in the markets (if you were long), with commodity and financial stocks selling off in an all day downtrend from the open. Citigroup fell below $10, GS was down over 10, GE was down over 8.5% and AXP was down over 10% at one point. GS and GE shares were both purchased at much higher levels one of the best value investors of our time, Warren Buffet. His style obviously does not use tight stops.

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