Wednesday, November 19, 2008

How Low Will This Market Go? 11/19/08

I'm beginning to wonder just how low will this market go. I thought that the market would entice buyers after testing 818. It did bounce 18 points, but then the market just gave up and tumbled. I'm not sure that we have seen capitulation yet. Still not enough pessimism, even in this dismal market. The market could very well remain sour until next July.
Charles

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