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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: Return to Sender who wrote (44682)3/26/2008 7:49:36 PM
From: Logain Ablar  Read Replies (1) of 68426
 
Hi RTS:

The NYSE and COMP BP's are in x's now from low levels so you may be right but I'm not ready to jump on board yet (probably when the peak is hit :).

I still think we have more credit / liquidity issues plus the recession. Oil and other commodities have to come down for the consumer and that still hasn't started (and I doubt food comes down too much with the current supply imbalance).
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