Friday, January 25, 2008

The End of Days?

Duration: 01:03 minutes
Upload Time: 2008-01-21 19:58:32
User: donharrold
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stock  market  jim  cramer  dow  euro  money  cnbc  crash  don  harrold  larry  kudlow  bartiromo  nasdaq  amex  interest  rates  bernanke  

Description:

Futures are down over 500 points as I write this. Does this signal "the bottom"? Is this "the end", or, "just the beginning"? Who knew this would happen? Who knew?

Comments

TYX91101 ::: Favorites  2008-01-22 19:12:14

What a contrived, boring day it was. Tonights headlines on CNBC - "More Rate Cuts Expected". Sounds like an apology.
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mickenstein1 ::: Favorites  2008-01-22 11:25:22

Tradeable Low? Early on it looks like it. The worst of the downside for now looks to be over and expect a countertrend rally to develop soon. 10-20% rallies within bear markets to clear oversold conditions are not that uncommon. VIX rolling over and we had a pretty big non downside confirmation on the Dow Transports on Friday as well as today. Emergency Fed cuts to spook the shorts tend to help animal spirits help to.
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mickenstein1 ::: Favorites  2008-01-22 10:37:14

Most overused words today on TV and Internet are "meltdown, crash, technical support, breakdown, and bloodletting". All that equals capitulation for the little guy.
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mickenstein1 ::: Favorites  2008-01-22 10:26:28

An advisor in a bank and also used to work for a hedgefund and on an institutional trading desk.
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djpl8 ::: Favorites  2008-01-22 09:06:03

You were right about the rate cut. Are you a broker or a banker?
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