Thursday, August 16, 2007

where does it turn?


credit crunch induces panic and redemptions... more selling


highly oversold conditions
record short interest
most traders already in cash
rate cut coming in September
lots of good value on sale
redemption from hedge fund window just closed

-- gap down today -- Dow was set to open -200, now -64 an hour later... the market ended with a gap up flurry.

Quite a few

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