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Sep.26
10:38 AM ET
Friday, 26 Sep 2008
Video: Gloomy Dow Outlook
Topics:Central Banks | Banking | Investment Strategy | Nasdaq | NYSE | Stock Market | Stock Options | Stock Picks
Sectors:Banks
Companies:Bank of America Corp | Washington Mutual Inc | JPMorgan Chase and Co
Washington Mutual [WM
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] is seized by the government; JPMorgan Chase [JPM
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] and Bank of America [BAC
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] shares climb Friday (as of this writing). Everyone is waiting for the bailout. So which way are the markets headed?
Thomas Schroeder, market strategist at Chart Partners Group, says that charts show the Dow could test news lows during October. See the video for his insights.
© 2008 CNBC.com
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