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cjp, I don't know what Elliot Wave is, but I do know there is a ton of cash on the sidelines. Something has to go up, not everything can go down at the same time, the money has to go somewhere, just keeping all cash doesn't keep up with inflation. The money always goes somewhere, bonds, currencies, stocks, banks, etc.. It's amazing to look around the world and see almost every stock market down to a 52 week low and some lower. And to look at some of our stocks at lows like HLX, PTEN, TVX, GLDR, is almost unbelieveable. The question was brought up earlier: when does it end? Maybe it doesn't for a while,, you know, kind of like 1929-30s. Maybe we should just keep shorting everything. I'm starting to have some doubts about a bounce tomorrow. Maybe it won't do what it did last year in Oct. on that Tues. after the Mond. tanking. Damn it. |
