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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (81797)10/11/2008 8:58:35 AM
From: Real Man  Read Replies (3) of 94695
 
Way too speedy. The scenario of derivative driven BK that I
proposed some time ago is in play (derivatives grow bigger than
manipulating forces, the Fed/Treasury, then crash). The market
is taking out options sellers. It's just difficult to find
a bottom in this meltdown. Could be here, could be 300 SP points
lower, could be 600 SP points lower. It's a self-reinforcing
mechanism with no bottom. 2008 records are all over the place.



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