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Pastimes : The Philosophical Porch

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To: claireg who wrote (6065)9/29/2010 10:26:16 AM
From: Rarebird   of 26251
 
Markets can be very fickle and often turn on a dime. I'm still expecting a tremendous decline into the end of this year. Start date has clearly been pushed to the right (second week of November?), but is still very much intact. The decline will be scary and relentless. It appears that after the October correction (5%-6%) is complete, the market possibly moves up to new marginal highs. Then the bottom falls out.

There's a window open here over the next two months where I expect the data to show rapid fundamental deterioration. Moreover, the mid-term elections may not turn out the way Wall Street expects.

As the 4th quarter unfolds, I assure you the market will care.
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