Seems like every sunday night i check the futures and they are down a few points. This is one hell of a BEAR.
if a communist is elected in brazil it means yet another default for C and friends. Are the results in, btw? Vice versa might also be true.
Look at Drudgereport link to story on German bank possible failure. Don't want to over-psyche to the downside though. Don't want to have the right ladder but the wrong wall.
A lot of people are looking for an October Crash a la '87. The problem is that in 87 nobody expected a crash. I don't think we can have a real crash with so many people short. But we could still bleed out another thousand dow points over the next month.
I agree. The Dow is way oversold and sitting on a major S/R level. Defintley has me sitting upright and paying attention.
IMO, If the S&P drops much at all the first day then we are in for a slide - is there really anything positive going on to stop the slide? Level 800 down to ?????? Paul