Today was bad but hardly the crash many were predicting. Some FReepers are correct...we could waffle in the 6500-8000 range for some time. Or folks could grow weary of debt investments that are paying nearly nothing and their panic could become a more distant memory and thus more money floods into the market. I do not give an emotional Bear the same legs I would give a fundamental Bear. I'm somewhat of an optimist I suppose. I do know that throughout my 25 years of "investing" in one form or another, the market has usually not gone as sour as I feared and has often beat my expectations. I expect a mini rally tommorow since the sky didn't fall today.
Good thing my wife forced me to quit trading isn't it? Now I just get to sit and watch and call my manager to bitch or laud him with attaboys....LOL
For the plethora of doomsayers on this thread....I will eat plenty of crow tommorow willingly if I'm wrong....after all...it's only money....ugh!
I'll even buy the crow that I'll eat if there is a rally tomorrow. The conditions that are causing the emotional bear are continuing unabated (Citigroup has been found to be the moneybags to Enron, and HPL Technologies has admitted to the Cooked Book Disease).