Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: RockyBalboa who wrote (4439)	10/16/2008 3:22:27 PM
From: RockyBalboa	Read Replies (2) of 6370

One thing is clear. If todays recovery is inverted again, then I am quite sure that many more sellers emerge and 8200 / 7900 was not a bottom as even more folks throw in the towel. Stocks are cheap but with no money to boot? And we´re un-"officially" in a recession on at least 2 continents. Those are trying times and I see that news of hedge fund liquidations scare the bejeesus out of the folks on a hourly basis. the volatility is quite sick, with the VIX at 74 even after the recovery. Less than one hour ago, X filled at 38 again, bfore we went off to the races, thats nuts.

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