Quick Update on S&P 500 and TZA

The bears were in control today. The S&P 500 was down 24.36 points or -2.43%. (See the following chart.) The explanation for today's sell-off was that the Wall Street Journal reported that some economist are calling into question the overall perceived strength of the economic recovery. (I, for one, believe that GDP will show positive growth for the third quarter, more for statistical reasons as discussed in previous posts. Then, the economy will experience a "double-dip, negative growth" during the first half of 2010.)
Note: To enlarge the chart, double-click inside of it.
The second chart is that of TZA (300% inverse ETF on small cap stocks), which I mentioned on Twitter today. It closed at $16.89, and in after-market trading, it closed at $17. I will take a close look at it tomorrow morning and update on Twitter.
Note: To enlarge the chart, double-click inside of it.