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  • How Low the S&P 500 Could Go [View article]
    Looking for a rally here but the volume will not be convincing IMO and it will peter out in a day or two, reverse, and then lead to a lower low. I really don't know what people are thinking here buying these stocks as we head into a deep recession in 2009 where lots of people must lose their jobs as the excesses get worked out of the system.

    This is a great market for gamblers but the wild volatility must be scaring the bejesus out of all the boomers that have their life savings tied up in it. That crowd is a big piece of the money in the market. They have been saving all their lives and now that they want to retire they see their savings evaporating along with their retirement hopes.

    I hope boomers are selling into any rally and then just staying on the sidelines until we get the required panic washout.
    Oct 13 00:45 am |Rating: 0 0
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