Brandon

Daily Market Outlook: Early Indications Are for a Modest Rebound

It appears policymakers including the fed are inclined to watch and wait. They will step in when they feel that absolutely have to but otherwise they'll remain on the sidelines.

In my opinion this almost guarantees a further 20% drop in the S&P from the old lows. The rate of bad news will begin to slow, but with a lack of good news to drive the market, it will slow it's decent before rebounding in a huge way.

That's the tough part, you shouldn't try and pick a bottom but waiting for a pop is going to cost you huge when the pop has all of this current liquidity behind it. It's tough out there.

Dow 30 Price Targets - Too Much Optimism?

Citibank and these other companies need to figure out how much the crap on their books is worth. That's It.