To: newsperson999
What happened to the major stock collasp? The Dow lost 1 whole point (not percentage point, but 1 point) yesterday. Where are all the chicken littles.
To: Always Right
No market goes in a straight line. Some of the sharpest rallies you will ever see are in a bear market, especially when a lot of shorts get spooked and all run to cover their positions at once. It doesn't mean this is over, not by a long shot. There are still a lot of shoes left to drop. I'm starting to think that the list of Fortune 500 companies that aren't in trouble will end up being shorter than the list of Fortune 500 companies that are in trouble. I'm expecting the Dow to hit 7000 or lower before this is all over.
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