Monday, October 6, 2008

When leverage ends...

8:37 AM (EST) I never expected to see the DOW back at 10,000. But chances are we will. Today. Asia and Europe are both down 5 percent. The DOW needs a 3.14 percent fall from Friday's closing price. The last time we were in this vicinity was in late 2003. Did America just lose half-decade of wealth creation? 3:00 PM (EST) DOW at 9644. That's it I am calling a bottom here. The nutcase Jim Cramer is up to is asking people to pull-out. Put him behind the bars, please.

No comments: