Market hasn't bottomed out yet. I said 3 years ago it was overinflated and would be down to 7500. (Not to pat myself on the back, but also told my associates about the mortgage issues we currently face). Having had hit 7500 Thursday, now I se 6000-6500 as the bottom number. Its ugly out there. Cash is king. Commercial paper for me, heddging with bonds.
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- 23 posts total
- 23 posts total