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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (78750)1/18/2008 8:14:06 PM
From: Real Man  Read Replies (1) of 94695
 
Maybe. Ben cut bounce - end of January.
Then I'm going to sell it. The patient is dead, we
are going much lower. -g- That said, it's possible
to get a dead cat bounce of 100-200 Nasdaq points from these
levels. SP 1450?

The market has 50-75 bp. priced in, and the Fed is trapped
by high core inflation readings. So, I think we'll bounce
on some hope, but Mr. Market may or may not get what it
counts on. I doubt Ben gives the market more than 50, which
would be a negative surprise. Maybe less than that.

Tough love and economic violence. Gulp!
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