TOM'S MARKET OUTLOOK, May 10
Posted on May 10, 2008 at 11:00 AM EDT
The gurus and soothsayers on TV got it wrong again. Just when things were getting good and it was time to talk âbuy, buy, buy,â we have the first weekly loss in a month. The Dow ($INDU) fell 120.90 points to close the session at 12,745.88. The S&P 500 ($SPX) lost 9.40 points, closing at 1,388.28. The NASDAQ ($COMPQ) gave up 5.72 points to 2,445.52. So what caused the markets to lose ground this week?