Shot down but not totally done. The week isn't over yet. Nice drop in the markets.
Printable View
Shot down but not totally done. The week isn't over yet. Nice drop in the markets.
Betting the DOW dips below 10K on Tuesday, unless some overnight magic happens... keep an eye on the Asia/Europe markets, they are going to be taking hits on tonight (Tuesday) too.
Well, I've been wrong before :)
You can't predict the markets with any degree of absolute certainty. The only thing absolute right now is volatility. Could we see more big drops? Sure. Is this a suckers rally? A false bottom before a real one? Hard to say. I still feel the market has lower to go but what I feel and what the market feels are rarely the same thing. Nobody can perfectly time the markets anyway. Look at the macro level issues and make your own determination of fair value and understand that the market can be "wrong" for a lot longer than you think (or remain solvent).
Have you seen the new dollar?
http://feathermoon.us/images/offtopic/dollar.jpg