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

To: MulhollandDrive who wrote (180982)1/31/2009 11:21:31 PM
From: ChanceIsRead Replies (3) | Respond to of 306849
 
>>>guess the market will have to chill for another week:<<<

That should guarantee a DOW close below 8K...possibly 7.9K.

Somebody wrote recently that the DOW had become very distorted because the bank stocks which are heavily represented had fallen so much. Under normal times they would have been kicked out due to shrunken market cap. OF course it would be going against motherhood to say....kick out Citi.

I think that the implication is that banks no longer affect the DOW much.

Doesn't matter. Next week should be nice for shorts.



To: MulhollandDrive who wrote (180982)1/31/2009 11:42:41 PM
From: Skeeter BugRespond to of 306849
 
>>Saturday, Obama said, "Soon my Treasury secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families."<<

that assumes anyone solvent really wants much credit.

they don't, imho.


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