3 replies to this topic

[Frac_Man]

I'm seeing a another steep drop coming IF this rally fails around these levels Not going to pull the trigger yet .................... <<<<<< no clarity present ......... What could cause this ?????? Within a day or two ............

[saltlake]

me too.

[hiker]

short target could be 1518 to 24...sure it may be lower SPX cash nos.

[humble1]

here's a possible cause: more withdrawals from funds and firms ! what we have had so far, with bear stearns etc., is like screaming "FIRE !" in a crowded theater. this is the way runs start. it will take only a couple more of these to start a real panic. especially, when we are talking about so called money market funds: people think of these, rightly or wrongly, as demand deposits. they need to go to them for things like tuition, retirement withdrawals, weddings, vacations. try explaining to them how it is in their "interest" that they cannot get their money back.

Edited by humble1, 07 August 2007 - 01:16 PM.