PPT ran out of ink this morning and it went south fast.:eek: :eek: :eek: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1562491
Let's get some follow through tomorrow but the bounce is inevitable. I can almost smell 12,xxx DOW again. Let's find a happy place there.
Funny how down 380 pts feels like nothing... Folks buying CSCO, EBAY all day, no panic at all Just another day at the office...
will break the lows and the downside trend will continue.. tomorrow .. can't go higher without some pauses..
Break 13K and watch the fun begin...the rate things are going, it very well could happen tomorrow. We just need someone else to say they're hurting due to subprime
I think the subprime is played out again. It's time for bonds to shoot up and equities fall hard on that. A big geopolitical problem wouldn't hurt.
you're right ..but its not really a subprime problem anymore and thats what is hurting the markets .. the cancer is spreading up the ladder at an alarming rate .. 50b per month in arm resets starts this october ...we haven't seen anything yet ...
the rate things? there will be no rate cut... If that happens, you may as well sell every dollar you have... Buy 10's, Sell 30's...
Don't worry Larry Kudlow will sooth the bulls nerves with his path to prosperity speech. When Larry says sell, you no the bottom is near.