To: edcoil
9000 seems to be a psychological barrier.
13 posted on
10/09/2008 12:10:16 PM PDT by
RobRoy
(This is comical)
To: RobRoy
Based upon historical data, the S&P 500 should be at 820 (based upon avg. growth 1950-1980).
it still has a ways to drop. Once it hits 820ish, I’m in.
41 posted on
10/09/2008 12:15:54 PM PDT by
Boiling Pots
(Wright, Ayers, Alinsky, ACORN and Odinga - Attack!!)
To: RobRoy
All nice, round 1,000-point thresholds are psych barriers and floors. Nice round 100-point increments on the SP-500 less so, but they’re there.
Stocks gravitate towards $100 price levels and they rocket downwards when they “break par” on the way down.
162 posted on
10/09/2008 12:47:11 PM PDT by
NVDave
To: RobRoy
186 posted on
10/09/2008 12:51:50 PM PDT by
GOPJ
(Derivative traders HAVE MADE MORE MONEY THAN EXISTS - Bailouts & rate cuts to ZERO won't work.)
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