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

To: Cogito Ergo Sum who wrote (10881)	12/12/2008 1:30:17 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Hi Swan, I have to agree with you that it's a time of Low visability for all asset classes. Even the Market Wizards are toning down their asset allocation and trading models. The US equity market is vulnerable to another leg down, Market action from the low in the SPX and NASD is highly suspect. It looks like we should probably be expecting a retest the SPX 741 of late Nov, NASD is stumbling. It will be interesting to see how US stocks close today. Art Cashin commented that with the market so fragile that an an unanticipated event such as a major Earthquake, a Geopolitical flare-up or some other "out of nowhere" development would send markets tumbling. and he's Right. John ----------- where confessions of a mistake are rare, billionaires Louis Bacon, Kenneth Griffin and Paul Tudor Jones are retreating from borrowed-money bets, private equity and emerging market debt and championing more transparent stocks, bonds and currencies. .. from Bloomberg.