These markets are brutal

I don’t know what else to say! Back in Oct things weren’t looking good, and now things aren’t even looking better. We are due for a bounce but I’m not expecting much of a bounce. I’m going to continue to sit on the sidelines and weather out the storm. I see no point in forcing trades, or opening new positions.

$INDU

$COMPQ

NASI


3 Responses to “These markets are brutal

  • 1
    ThatStockGuy
    January 22nd, 2008 08:23

    Fed Cuts Funds rate 3/4 point!

    Fed ~:> was better off allowing this market to gap down and then hit us with the 3/4 cut. Market needs panic in order to stop the bleeding. [-x

    Will see what happens here

  • 2
    ThatStockGuy
    January 23rd, 2008 17:52

    Well we got a decent “bounce” I’m not calling this a bottom for the markets, just not yet. The market is expecting a 1/2 point cut at the next meeting. I feel when we get that cut back down we go.

  • 3
    Andrew
    January 23rd, 2008 22:54

    My sentiment as well. Time to learn something from it…:-w

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