Open Thread: Beginning or the End?

Thursday, January 17, 2008 | 06:00 PM

Markets have been in what I call the "orderly whackage phase" over the past few weeks.

Off of the top, there's been some damage done:

• The Dow is down nearly 2,000 points or ~13% from the October highs. 
• The S&P500, from its recent high of 1565, has given up almost 15%.
• The Nasdaq has shed 470 points from 2859, or nearly 17% lower.
• The Russell 2000 is down ~20%.

And thats before the disorderly whackage phase begins.

Question for the assembled multitudes:  Are we closer to the beginning end of this correction, with an oversold bounce due (anyday now) or-- is this the start of something even uglier, with the market heading relentlessly down without interuption?

What say ye?



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Thursday, January 17, 2008 | 06:00 PM | Permalink | Comments (176) | TrackBack (0)
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Comments

Think it's the start of a long road down- too many excesses have to be washed out and blaming only "sub-prime" is a gigantic ruse. Bad lending, fraud, and greed are leading to what they always do- a well deserved correction, now if only the ones truly deserving get the correction- which doesn't seem to be the case most times.

Posted by: alex108 | Jan 17, 2008 6:08:48 PM

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