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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (132465)7/9/2008 5:02:06 PM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
CNBS guest agreed. Continues to be a drawn out sell-off. The big one will take us down further than most expect.

10,600 will be minor support- possibly early next week- then we bleed another 1000.

back to the room now. Wifi only in lobby



To: patron_anejo_por_favor who wrote (132465)7/9/2008 6:04:03 PM
From: Paul KernRespond to of 306849
 
It IS time for the towel toss, but the VIX is only 25....didn't happen today.

FWIW: The VIX hit 45.08 in June of 2002 but the SPX didn't bottom for a few months and it didn't start moving up until June 2003.

"V" bottoms don't happen in a real bear market. They usually signal a short bear market rally. It takes time to build a base after this kind of carnage.


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