Market Watch at 08/26/2009

Market watch (personnel) at 08/26/2009

Today, weather is clear. The sun shines brightly in my area.

The Dow Jones Industrial Average closed up 4.23 points, or 0.04%, to 9543.52. Meanwhile, the Standard & Poor's 500 rose 0.12, or 0.01%, to 1028.12. The technology-heavy Nasdaq Composite increased 0.20 points, or 0.01%, to 2024.43.

Edward Kennedy dies at age 77.

Shares of Citigroup fell even as mortgage applications rose.

It seems like that we see resistance that caused market get tired.

 If there is a chance the market was pullback some, here was some opinion from miat42 last week,

“It may be about time to dabble into Stock market, tons of good companies with undervalued stock price.

At the beginning of the year, I suggest that we spread our money evenly into the following list of companies: GE, BAC, C, AIG, GS and etc. Although these companies' stock have changed a lot, but still at good levels considering their long term potential.”