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Which is why I harbor an uneasy feeling about how the rest of the week could work out:
Today: Market may bounce. My best dart (understand its early) would be a close up 94.45 points...but that's only a guess.
Thursday: I would look for big fireworks. Maybe a bit of downward pressure at the open and then WHAM! Around lunchtime a huge selling spree to catch everyone off guard or at lunch. Maybe an 800 - 1000 point drop - possibly more.
Friday: Markets open, and then close before noon (Central) due to extreme price action.
And what is going on that may cause such a seemingly unlikely set of circumstances? Let me tick through the list for you:
So while it may sound a bit pessimistic of me to look at all the crap going on in financial markets, feel a tinge of sadness all the people who are losing their net worth - and being indentured to future taxes by an irresponsible CONgress, and even suggest that we could have a market closure late tomorrow or Friday, it's not really out of the realm of possibilities..
Originally posted by questioningall
Sorry, now make that only .80 up, seems that George got a little part right - that pressure in the beginning and then we will see about the rest.
But, I am not hearing any kind of news that would make people to want to sell off.... so where would the sell off come from and why?