[Cold Heat]

The way I see it, if you did not get out a year ago, or are day trading, there is little point to taking the losses now. Wait at least for the relief rally.

I think we are near full capitulation, but it will be rocky and I figure there will be a retest of the lows at some point, once we get there. It could go down another 500 or so. If that happens tomorrow and the market rebounds before the close, that should signal the bottom.

[Hound of the Baskervilles]

I think we are near full capitulation, but it will be rocky and I figure there will be a retest of the lows at some point, once we get there. It could go down another 500 or so. If that happens tomorrow and the market rebounds before the close, that should signal the bottom.
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I so hope you are right!

[RhoTheta]

Glad to hear you say that. Essentially that is what Don Worden has been saying in his Worden Report.

My 401(k) has lost 27.9% since May, but unless I panic and try to withdraw from it (giving the gov’t 50% in the process), it’s only a paper loss.

I don’t believe the fundamental values behind the stocks have dropped precipitately, we’re seeing general panic here.

Of course, that’s easier for me to say, since I presumably won’t have to tap my 401(k) for another six years...