DJIA Slips Below 6,000

I wish I could say you heard it here first but AP beat me to it. According to this Yahoo headline, DJIA is now trading below the 6,000 level.

On a serious note, we just breached last years lows. I forgot to check the volume of Friday, but last Thurday 8 billion shares were traded on the NYSE. If the trend continues, we are looking at a full blown crash.

At this levels, I am hard pressed to find anything worth buying. The stocks that I have my eyes on are not moving downwards with the market. At the top of my list is MOO and RSX. I managed to buy a bit of RSX below $11 a share several weeks ago and I've been waiting for another opportunity since then.