My thinking is that something extraordinary will be done today that will so reverse this market that people will be clapping on the floor of thw stock exchange by 4:00 p.m. ET. The market will end in GREEN today.
I feel the same way. They said that Wall Street experts had meetings all weekend with government officials. I would bet they came up with something that will be announced today. Maybe they will finally bring our troops home and save the $29 billion a month they are spending over there. Many people say the government shouldn't bail these companies out, but they are the ones that bennefited from the run in the housing market.
you stand correct. It always has a tendency to do this. Over the next several months the market will lose 1000 pts. But during that time and today we will see a reversal. Only b/c the big boys are pulling out.
We will see a downward spiral below 10k on the DOW