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This strategy, which I presume will not be adopted, but which makes the most sense, would allow for shotgun weddings for all the weak banks to eliminate the bleeding. Without this kind of action I am reverting to a downside target of 6,700 for Monday and then 4,700 for Tuesday in keeping with the hopeful '87 playbook.
Originally posted by Gateway
As a rule of thumb, I believe the opposite of what this bald knucklehead says...if he says its going up...then take it as it is going down, and vice-versa.
Originally posted by Trayen11
I personally think things are going to start getting better slowly now, Looks like we hit the bottom on Friday.
Originally posted by SpaDe_
It is going to take substantial positive news to rally the markets at this point. People are afraid of loosing everything that they have invested. Until there is some kind of trust regained the markets will continue to have violent swings and lose a percentage every day.
Originally posted by smirkley
I am not going to profess the direction of the market Monday or Tuesday,..