Bank Failure Friday

Five failed banks were taken over by the FDIC Friday.

You can see the list of failed banks here.

This is the daily chart in a three month frame for the S & P 500 at the close of the market:


It seems to me that the 'double dip' portion of the recession began April 26. Just an opinion/ observation. I trade and do fairly well, but I am by no means an expert. If you would like to hear from an expert, try this guy. My calls are usually pretty good, but his are better and he analyzes stuff I almost never dare to trade (like short upswings in a downward push and short downtrends in bull rush).