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 ............
My 2 Cents ...
Started by
Frac_Man
, Aug 07 2007 01:06 PM
3 replies to this topic
#2
Posted 07 August 2007 - 01:10 PM
me too.
#3
Posted 07 August 2007 - 01:13 PM
short target could be 1518 to 24...sure it may be lower
SPX cash nos.
#4
Posted 07 August 2007 - 01:15 PM
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.