gbh,
I would have to concur that we are in a state of panic, overselling, and margin calls. I agree with several of your statements, however most of your statements have not changed in over a year.
Yes the Dow is at 7700 but the Nasdaq (the big board of the future) is suffocating near 1300! If I were to translate this number into Dow points, the Dow would be in and around 5000!
If the Dow being at 7700 is a sign to you we have further falling to go, then how much further must the Nasdaq go? Its illogical.
I don't believe Dell, MSFT or IBM have to be punished before we see a rebound, all three of the stocks have had significant downturns. Wall Street loves Michael Dell, Lou Gerstner, and well, no one really gives a sh-t about Gates.
I believe the hedge fund situation is overstated and overrated.
Lastly, who cares what in the world Japan/Asia is doing? These country's have been going to hell in a hat bag for a long time, let them crash and burn for all I care, all those country's ever did was pound their exports, and "dime a day" labor products down our throat, maybe it is time for a little payback. I would guess that may sound like a really racist statement, but can you prove me wrong?
Jamie |
