The war is coming in short time How low the market will it go? What will it take to bring it up? We all know it will take time though....
it's safe to say we will see the S&P 500 at new lows, and we can probably throw the Nasdaq into that group as well Panics and huge down openings, historically speaking, tend to lead to short-term reversals. What we've had for the past several weeks has been a slow erosion down, so a fast-paced down opening would be a welcome short-term change. If we don't get a fast-paced opening, then we can expect that slow erosion to continue from Thestreet.com
but this article gives a very reasonable idea of what is probably still to come: http://thestreet.netscape.com/comment/streetsidechat/1289155.html (thanks to sniper trader 1 who originally postet this link!)
no more patriotic 'buy the market' sillyness anymore ? OK, maybe we are closer to the bottom then. don't fight the market.