Does This Market Have A Bottom?
Read the full article: http://www.dividends4life.com/2008/11/does-this-market-have-...
Each time the market rallies, the question is asked 'Was yesterday the bottom?' Up to this point the answer has been a resounding 'No' as the market quickly resumed its downward slide. Recently, a columnist asked some Wall Street pros, what they are looking for that will tell them the worst is over.
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No one knows the exact
No one knows the exact bottom for the market but hopefully the bottom is not far off.
i only mean that if we stay
i only mean that if we stay in a free fall with no post inaugural catalyst, then thats where we head before really reversing.
i dont mean we have to land there. i hope we dont. i live here too.
Interesting discussion, let
Interesting discussion, let us all hope that we don't see that sort of free fall. If Obama can't step up to the plate, we may very well see your prediction.
i hope not but its the only
i hope not but its the only real solid base along the way down.
look at weekly charts going back to 1994-1995
So, if S&P drops in value by
So, if S&P drops in value by half, where does that leave the rest of the economy? What sort of catalyst do you see driving that decline? Where are we as a country at that point, complete annihilation?
It bottoms when the S&P
It bottoms when the S&P reaches about 450--its level about 14 yrs ago providing solid support on the weekly charts going back to then.
It bottoms when the S&P
It bottoms when the S&P reaches about 450--its level about 14 yrs ago providing solid support on the weekly charts going back to then.
You really think it is going
You really think it is going to drop to the 450 level?