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 ---------------- You are not too bright with your analysis of the correlation between McCain/Palin and the Markets! Try again, of course do this on a different board.
Everyone should be used to 200-300 point drops by now. Yesterday on cnbc they said there were 38 200+ point drops in 2008, in all of 2007 there were 27. Everyone should be used to these drops....
this time its different....oh god,where have i heard that one before...oil bubble,real estate bubble,dot com bubble...Thing is there is always a very good argument to support the argument but in the end these bubbles always end the same way.Speculation is mostly driven by human psychology rather than fundamentals.
the case is too much panic after a big down day. who cares who is buying, someone is. good chance of choppy day, with maybe a rally into close. selloff maybe resume at ES 1250 in a day or 2