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  • Market Outlook: Watch Out, the Signs Can Be Deceiving [View article]
    Oh, there is definitely another leg down, but it will be unequal fo diferent indices. The DOW and to some extent the S&P 500 will be protected because of size. Outflows from still overpriced mid and small caps wll gravitate towards the large caps, especially the consistent dividend payers.
    Another mollifying aspect is that, due to computer trading now, the markets are more orderly. In the crash of '87, brokers just stopped taking calls. This created a logjam of sell orders, and the cascade ensued. This may portend that there will be no capitulation sell signal, and we are in for a violent up-and-down roller coaster ride of lower lows and lower highs for the immediate future.
    Mar 23 12:28 pm |Rating: 0 0
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