Just sold my DXD at 52.25, Will buy it back under $50.00 This market is setting up for even more volatility over the next 2 months. 360 yesterday and another 170 intraday today 500 point drop in nearly 2 days. Im not falling for these big drops just yet, Last drop in August I thought the markets were headed to 11500, didnt happen, this time I think we drop below 12,000 again but run higher again right into the end of 2007. They will make an excuse to rally the markets again, thats why I sold nearly every one of my shorts and inverse fund, still very bearish on the market but think its time for a small 2-3% bounce.
The fed will keep cutting We're in a cycle of lower interest rates. Typically this is bullish for stocks. Bear markets usually occur when you have rising rates combined with poor fundamentals and excessive valuations.
Soooo? What does that tell you, since we have lowered rates just now? That we have even worse fundamentals and even more excessive valuations. Why is it that hard for you?