Market closing comments for the day Jan. 14th, 2009

The markets closed down today. The Dow closed down 249 to close at 8199 and the Nasdaq closed down to 1489. The ETF Ultra Shorts did well today. SDS closed at $80.30, up 6.7% and TZA closed at $60.24, up 13.1% and did not disappoint those who also own them.

Apple stock closed at $85.43, down 2.6% and I took advantage of the drop to add more shares at $85.42 today.

I see the markets continuing the decline tomorrow and Friday as well. The volume was light today so many may be awaiting other financial data updates the next 2 days. I can see the Dow going below 8,000 possibly this week.

Also earnings continue to be announced, as well as additional layoffs. Today, Pfizer announced about 800 research scientists being let go. Be a survivor, plan for the worst and feel good when it isn't as bad. Good luck.