Economic concerns or take profit?

Today, May 13, market goes down 2%. It now at 8300 points. Last week, when the bank stress test released, it was about 8500. I wonder is trader take profit or they actually worry about the economic or retail sales? Any way, I'm looking for a chance to make money by buying a good stock at discount price.

Bank Stress Test

With the release of result of bank stress test, Dow hit 8500. Bank of America in the 2 digits now $14.50. If I buy it on April, I would make money. The question from last month, still in my head. Should I buy BAC or C now or wait?

Bank of America

Few weeks ago, news from Wells Fargo Bank lifted the financial sector and stock market. At that time, I wonder the market will continue up or will go down. That week, market continued went North. Now, news from Bank of America make market down. Time to buy BAC or wait?

Next week, market up or down?

After Wells Fargo (WFC) announced they will have good earning report, the market up more than 200 points. Many traders made money if they bought some financial stock at discount few days or few weeks ago. I just wonder which stock in financial sector will make the market goes down?

MarketWatch: Financials surge as Wells Fargo reports record results

Is market bottom?

After went down to 6547 on March 9, 2009, the stock mark up almost three weeks. Is market bottom? Should we put money back into stock? Anyone make money on stock market this month?

Dow Jones Industrial Average up more 300 points today

Can it continue tomorrow? Should I sell my holding today and buy back later?

Big questions.

My mistake

On the way to work, I'm thinking to sell all my holding. The market continue to decline. I should sell all my stock when Obama won the election.

Bloomberg news: ‘Obama Bear Market’ Punishes Investors as Dow Slumps (Update2)

Wall Street greeted President Obama

Dow downed 334 points. No Obama bounce. Hope tomorrow it will not down again.

Dow jumps 400 at open

Hope the bull back today and rule.

Dow jumps 400 as government pledges bank aid
US moves to get $700B bank rescue effort started
Money Markets Ease on Unlimited Dollars Pledge
We Are Seeing the Market Bottom: Mark Mobius

Dow break 10,000 mark

As expected in previous post, DOW down more than 200 points, break 10000 mark.

Excerpt from AP:Dow plunges below 10,000; lowest level since 2004

Investors around the world have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets. Global banks, hobbled by wrong-way bets on mortgage securities, still remain starved for cash as credit has dried up.

Marketwatch: U.S. stocks fall sharply as global financial woes persist
CNNMoney: Dow falls below 10,000
CNNMoney: Volcker: Financial system needs reform