Thursday Outlook: Where's the Big Fall? [View article]
Looking at the indexes might cause you to miss the real carnage in the market that has been going on and already happened! Most stocks are already off some 30+ % from their highs, many of them 40% and more. So yes, the index might drop another 10 or 20 or 30% from here - what do i know? but to pretend that it has to occur because no serious stock price decline has happened yet in the face of bad economic developments looks a bit superficial
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Looking at the indexes might cause you to miss the real carnage in the market that has been going on and already happened! Most stocks are already off some 30+ % from their highs, many of them 40% and more. So yes, the index might drop another 10 or 20 or 30% from here - what do i know? but to pretend that it has to occur because no serious stock price decline has happened yet in the face of bad economic developments looks a bit superficial
Mar 20 05:21 am
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