Tuesday, April 22, 2008
although stocks were able to finish off the lows of the session, it was another poor day for the market. drip, drip, drip. bear market torture: big up days followed by many consecutive down days, wiping out the gains. classic bear market action. volume, though increasing, was still very light, breadth was a bit better then 3:1 to the negative and, not surprisingly, energy was the only sector to finish in the green. meanwhile, retailers were hit particularly hard as were the chips.