Dow under 11k. Say hello to 10k in 2 weeks

I bet we see a 4 digit market before the olympics start.

Welcome to the top section of the forum OC.

We COULD see the 9's but I dont know by the Olympics.

We talked about this a while ago and I mentioned in a terrible recessionary environment that fair value might be 7500 on the DOW.

Many groups havent cracked yet, lots of froth still in the markets with oil stocks, alt energy, tech..if they decide to sell those areas then yes we will see the 9's.

CC,

Dont cheer a recession..



No wonder why Gore stepped aside, as did Mike, who wants to lead the next 4 years? Not me..what a disaster from Bush.

...and Greenspan.

the only thing barack will do is create New Deal 2 which will lead to another 70 years of social safety netting before total collapse

CC,

My comment was humor too.

Bold call.  It's certainly hard to say it definitely won't happen.

Oil is topping this week will be cut in half in 1 year....Market bottoms in Julu Aug and rallies into Sept Oct...Maybe we see 10 400 to 10600 ...but not 10000 ...Too many bears now

Actually the usual indicator is retail bears which have been around for months.

The real bottom is off a SEVERE drop, not 200 pts and a rally to even or up off a 400-500 pt drop..like Claycourt has mentioned.

The VIX isnt the best indicator that it used to be but it isnt pointing bottom, nor is the new high/new low indicator pointing a bottom.

To say during the summer that a bottom is in makes no sense. They can whipsaw the markets with NO volume, thus a bottom or top cannot be in during a low volume season.