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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (19721)9/1/1998 10:25:00 AM
From: James Strauss  Read Replies (2) | Respond to of 50167
 
Ike:

If there was any doubt about this being a BEAR market, today should answer that question... If we can't even get a bounce from a 7.7% S&P drop the day before, there is serious concern about where the economy is heading... If we don't get a rally this afternoon I'd be very concerned about the selling that could take us into the weekend to a Black and Blue Monday...

The S&P is sitting around 940 as I type... I have a trendline in the 925 area for those that are contemplating pulling out their hair... : > After that, we have 900, then 825... After that, some Pepto Bismo...

Jim