Was a vicious down day off a top. 1255 to 1205 -- incidentally,
similar values to today. This followed the short ban on financials
and led to the October massacre -- 15 days later, SP was at 840 as
a low. What is not similar to 2008 is that fundamentals now
are decidedly WORSE; Bernanke is a lame duck Fed with no more ammo
left.
Sept 22, 2008
Today's big red candle; thoughts?
Posted by kalinm on 9th of Nov 2011 at 10:19 pm
Was a vicious down day off a top. 1255 to 1205 -- incidentally, similar values to today. This followed the short ban on financials and led to the October massacre -- 15 days later, SP was at 840 as a low. What is not similar to 2008 is that fundamentals now are decidedly WORSE; Bernanke is a lame duck Fed with no more ammo left.
hmmmm......
Posted by marketguy on 9th of Nov 2011 at 10:27 pm
hmmmm......