Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Pitera who wrote (9829)	8/14/2008 9:41:31 PM
From: ajtj99	Read Replies (3) \| Respond to of 33421

You know, I was thinking about the market tonight and how it's acted since the intervention by Paulson and company on July 13-15 via the short sale restrictions and the rescue of FNM and FRE. I think the market is best described as a "Stunned Bunny". It'sl like an animal that's been hit over the head with a club and is stumbling around in a semi-conscious state trying to find its bearings. By all measures we should have dumped about another 120 SPX points in July, recovered in August, and re-tested that low in the fall, with a counter rally for 6-9 months from that low. With the intervention and stunned bunny market, the entire thing may be getting drawn out a bit longer, but the result should be the same.