Did I not say wait for the dow to dip below 13k. If anymore sub prime issues become a major concern, if another hedge fund needs to be bailed out or a homebuilder files for chapter 11 expect FEB/MAR 2007 lows within the next month.
A Seinfeld short, featuring Stock_trad3r: (buzz at the door) Jerry (pushing the intercom button): Who is it? StockTrad3r: Its me Jerry (he says in a depressed tone) Jerry: Come on up (Jerry opens the fridge to take a look, front door opens) StockTrad3r (shoulders hunched over): I dont get it Jerry, I just dont understand how this could have happened. Jerry: You know Stockie, the way I see it, the market is supposed to go...up when "its the best time 2 buy ever", not down. StockTrad3r: Yeh, yeh Jerry: Perhaps if this were the bizzaro world, you'd be right. Up is down, down is up.... StockTrad3r: I'm a wreck Jerry, I cant sleep, I cant eat, I feel as inadequate as ever! Jerry: So what are you going to do? StockTrad3r: Oh god Jerry, I'm broke. I have no other choice.....I'm moving back to Queens (he says with his head down, rubbing his bald spot). Jerry: Back with your parents? Has it been that bad for you? StockTrad3r: I can just picture it now, my mom scolding me with that horrible voice "why couldnt you be more like Lloyd Braun"..... (Jerry chuckles) I think I'm going to be sick (StockTrad3r says as he runs for the bathroom) Jerry: Yeah, that seems about right.