Key 2007 Year End Stats and The Pakistan Stock Market

As of Dec 31, 2007 From Yahoo Finance:

Dow = 13,264.82

S & P 500 = 1,468.36

Nasdaq = 2,652.28

From my calculations:

Dow 50 DMA = 13,377.29

Dow 200 DMA = 13,356.77

S & P 500 - 50 DMA = 1,480.58

S & P 500 - 200 DMA = 1,490.66

Nasdaq 50 DMA = 2,685.03

Nasdaq 200 DMA = 2,612.45

The Nasdaq is above its 200 Day Moving Average but below its 50 Day Moving Average. The Dow and the S & P are both below their respective 50 Day Moving Averages and 200 Day Moving Averages. The S & P remains the weakest as its 50 Day Moving Average is below its 200 Day Moving Average. Both the Dow's 50 Day Moving Average and the Nasdaq's 50 Day Moving Average are above their respective 200 Day Moving Averages although the Dow's 50 Day Moving Average is only above the Dow's 200 Day Moving Average by a small amount.

Events in Pakistan are important so I have written about the Pakistani stock market or the Karachi 100 index below.

The following information I picked up from an AP article titled "Pakistan Stocks Tumble Amid Violence" that was hosted by Yahoo Finance. These are my own words but the stats are from the article:

After the events of last week the markets re-opened on the Dec 31st and the Karachi 100 share Index lost 694.92 points or about 5% to 14,077.16.

The following I picked up from The International News article titled "Karachi stock market sheds another 409 points". These are my own words but the stats come from the article:

At the close of trading on January 2nd the Karachi 100 Index lost 409.40 to 13,666.43. That puts the 2 day loss at 1,104.32 or about 7.5%.

Finally, Best Wishes for a Happy and Prosperous New Year!