Thursday, August 16, 2007

where does it turn?

negatives:

credit crunch induces panic and redemptions... more selling


positives:

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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