Remember When The Market Crashed Through That Big Black Line?

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Wednesday, October 12, 2011 Remember When The Market Crashed Through That Big Black Line? Remember early last week: The market crashed below a "key" level of support, as the S&P plunged below a level that had been bounced off several times. Everyone panicked and felt that it was 2008 all over again. In fact, everyone was sending around a chart about how after Monday's plunge, stocks were at EXACTLY the same level as they were on the same date as 2008. Anyway, fast forward, and we're up over 11% since then. That huge level that we crashed beneath turned out to be totally meaningless. Read » Also On Money Game Today: 3 Takeaways From Wal-Mart's Big Investor Meeting THE DOWNLOAD: How Freaked Out Investors Misinterpreted Economic Reports And Are Now Seeing The Light HOISINGTON: Forget All This Jubilation, The Recession Is Coming THIS Quarter Demand Falls For 10-Year Treasuries Advertisement CHART OF THE DAY: There's Only One Industry That's Added Jobs Since The Start Of The Recession CHART OF THE DAY: The Stock Market Just Ripped Through This Important Blue Line CHART OF THE DAY: THE SCARIEST JOBS CHART EVER Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.careerrrwyld@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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