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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (8969)3/15/2008 1:09:04 PM
From: The Ox  Read Replies (1) | Respond to of 33421
 
I agree there is much more pain ahead. The question I'm starting to ask is how deep will good companies get discounted during the pain? Everyone wants to point at the DJIA and spout lowball targets like 8K or 5K. However most, if not all, of the companies that make up the DJIA are solidly profitable businesses. Why should they be discounted by another 30% or 60% because of mistakes made by the financial 'geniuses' in the credit world?



To: Augustus Gloop who wrote (8969)3/15/2008 1:13:24 PM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Well S&P said the worst is over.

Bear Sterns has imploded.

Brokers announce earnings next week - four days should clear things up pretty good.

Investors sentiment is screaming a bottom.

Every 300 point drop is finding a bid with I think short covering.

It is a much more dangerous time to be short than it is to be long.

IMO

Bob


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