Another 300 point drop today.

Hedgefunds unloading, premarket showing lots of stuff getting dumped on the market. Market Spooked first by Palin now McCain and 6.1% unemployment, MER downgrade.

Dow 10800-10900

 

why isn't crude getting crushed if hedge funds are unloading? i would have expected a broad sell off...

 

u gon'um jinxed it now

 

If interest rates are cut, it is bearish for the dollar and bullish for commodities.

 

take a look at the BRICs, they are being decimated. russia is plunging. funny how we heard during 07 so much about global growth and every 2% drop in the SP people would go on bloomberg and say the selling was 'overdone'

 

exactly. now when can we officially declare decoupling a myth?

 

i thought the numbers were right around what they were expecting this morning. in other words, it was not a statistical decline.

 

looks like 10600,10200,then 9700 are support areas

 

monthly chart