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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (66924)7/26/2007 5:30:21 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 116555
 
If the market does not bounce some the next few days, a 1987 type crash becomes a real possibility IMHO.

My guess is that the market will bounce some, but substantially lower lows will still be seen by fall.

The major indexes are still down only about 5% from their peaks.



To: LTK007 who wrote (66924)7/26/2007 8:28:07 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 116555
 
Gold rallying strongly, yen dropping tonight. These signal a high probability of a decent bounce tomorrow IMHO.

So no crash in the near future anyway.


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