Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Qualified Opinion who wrote (81060)	10/3/2008 7:38:11 PM
From: GROUND ZERO™	4 Recommendations Read Replies (1) of 94695

Crude oil is moving lower because the global economy is crapping out... I think these markets are in much deeper trouble than just this bail out thing... now that the bailout has become law, these markets are going to worry about earnings... consumer confidence is going down the crapper, companies will not be able to borrow as easily in order to grow, and so on... this is a bad situation and I think these markets are not going to recover so quickly... frankly, I don't think SP at 800.00 is out of the question before the selling is over... oh, we'll get some buy signals, and we'll see some spirited rallies, but this is clearly a market in a down trend and I don't think we're anywhere near a serious bottom right now... GZ

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