What Was THAT?
The bottom dropped out of the market today. The Financials fell apart, GM hit a 53 year low, the Dow crash through its year-to-date lows. The broader indices posted their worst June since the Depression.
What was this -- the beginning of the end, or the end of the beginning? How bad is it -- are we going to 10,600, like Louis Yamada said?
Or is this a bottom, a great buying opportunity? Barton BIggs said the worst was over for both the economy, stocks (unfortunately, he said it a month ago in the WSJ).
What say ye?
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Is Reality™ starting to sink in?
I couldn't check in with the alternate universe today as my CNBC feed, and thus Kudlow, was garbled.
Posted by: Espumoso | Jun 26, 2008 8:59:41 PM
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