Sucker's Rally?
I had fun doing this interview with Henry Blodget of Yahoo Tech Ticker and SAI:
Note: I don't say we have to go below 10,000, but only that its possible. And I pretty much say that these forecasts are only guesses.
The last time I was on was July 15th, announcing that we were covering shorts, and calling for a bear market bounce . . .
Source:
Sucker's Rally Alert: Dow Going Below 10,000
Henry Blodget
Yahoo Tech Ticker, Aug 12, 2008 03:31pm EDT
http://finance.yahoo.com/tech-ticker/article/47134/Sucker's-Rally-Alert-Dow-Going-Below-10000
Wild Times on Wall Street: What Now for Investors?
Aaron Task
Yahoo Tech Ticker, Jul 15, 2008 07:00am EDT
http://finance.yahoo.com/tech-ticker/article/39407/Wild-Times-on-Wall-Street-What-Now-for-Investors
Wednesday, August 13, 2008 | 12:00 PM | Permalink
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Comments
Well said. In the summer of 2002 the market was brutal, selling off everyday because of forced selling by mutual funds due to redemption.
That is the key element I am watching now..
How is the market acting into the close after redemption windows close?
We have seen late day sell off for 2 days now. i think the action into the close today might be the most important clue of the year.
Posted by: Vermont Trader | Aug 13, 2008 12:21:50 PM
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