Todays numbers were the nail in the coffin. Corporations will have a hard time meeting earnings numbers next 2 quarters. imho
Wonder how long it will take either stock_trad3r or hedgefundtrader2 to post on this thread? They are like flies to shit on this kind of talk
He's the same guy and he's a member of Dan Zangers $78 a month web site, so that's to be expected. The funny thing is Dan himself is Bearish as well as IBD (market in correction) ------------------------------- The truth be told, I would like to see a crash over a recession so we could get on with it. A slow grind down is the worst case scenario and unfortunately that's what I think we will end up with.
Ugly psychology, baby. May be time to long a few absolutely beaten down (bloody pulp) non-discretionary positions. Of course, even those may go lower if you get Mr. Margin calling over the short term.