Weekly Sector Wrap-Up (sept 29 - Oct 3)
This week was an emotional rollercoaster for investors. The volatility was probably embraced by traders, but I’m sure it wasn’t easy for them either. I can say for a fact that although I made out ok, there were times where if I didn’t act quickly, I would have been in trouble. If you’re a trader then you’ll know that it was one of those weeks where we had run in and run out of the bathroom really quickly if we needed to use it. Every tick, every one-minute bar was important. We’ve seen sudden and major reversals for most of the days this week and also made financial history nearly every day. With the bailout bill finally passed and signed by the president, this week marks as one of the most important historical market milestones that none of us will forget. People will be writing countless books on the events of this crisis.
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