A very Volatile market, from it’s big one day gain ever on Monday the 13th, to a small plunge (compare to what has been going on previously), the stock market has taken it’s toll last week to what it appeared to be a good week. Today’s dismay does not surprise a lot of investors, considering yesterday was Columbus day and Thanks Giving in Canada (Happy late Thanks Giving to all). I didn’t jump in on the rally yesterday expecting today to be a drop since there weren’t “a lot of people” buying or selling due to the holiday. However, today I did dive in into two financial stocks: Zions Bancorp (ZION: 22.19 +0.63%) and XL Capital Ltd (XL: 17.73 -0.62%).

I found out about Zions Bancorp (ZION: 22.19 +0.63%) by coincidence you can say, but like XL Capital Ltd (XL: 17.73 -0.62%) I’m not planning on staying long with the stock. I’m speculating that both stock will go up, and if Zion goes down, I will make up with XL. I bought ZION @ $40 and XL @ 11.25 … We’ll see what the future holds on that.

In other news, watch this video.

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This entry was posted on Tuesday, October 14th, 2008 at 21:07 pm and is filed under Finance, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.