[Vets_Husband_and_Wife]

A repeat of Black MONDAY in 1987?

I don't think this is over,..and probably won't be until after August 14th. I think it will bounce back up hugely,.. and be sporadic for a while. But as some here mentioned when this all started a couple years ago, DJ 6 to 7 thousand isn't so far fetched anymore. Some have even suggested 5k.

A much needed correction. The time to invest is coming.. but it isn't today, or tomorrow, definetly not until after all corps have posted on the 14th of August.

Thanks for the article.. I'm off to read it now. I'm surprized there isn't more on FR about all this.

[Oldeconomybuyer]

Agree on the Aug-14 deadline for CEO's to certify their financial statements. Wall Street doesn't like uncertainty, and it's anything but certain that accounting standards have gone the way of "what the meaning of 'is', is" over the past several years.

[kinghorse]

The bears have convinced people it's not worth the bother until PEs are back to 17. It's not going to go that low barring a nuke attack because of productivity. You think the auto makers who pumped out vegas and pintos deserve the same pe as the ones who pump out luminas and taurus'. Wait, don't answer that.

[Soren]

The time to invest is coming.. but it isn't today, or tomorrow.

Agreed. I don't understand why people feel like they have to catch the bottom dead on. Why not wait until a new bull has been firmly established and enter then? This is more consistent with the advice of some of the best traders in history, Jesse Livermore for example.

[RightWhale]

I pretty much agree with your analysis. It might work out. Or perhaps we will be neighbors in cardboard boxes on skid row in a couple of years.

[Mo1]

Not sure when the best time is .. but I hear Warren Buffitt started buying last week

[vooch]

dow 2500 is possible........during the 1919-1939 and 1958-1979 periods the market dropped to less than 30% of its peak.

we need $1.7 Billion inflow per day from Europe and Japan just to stay even........

[B4Ranch]

Australian Brothel Plans Stock Offering

[Free Vulcan]

A very much needed correction. Though the Dow is around 8000, the Dow equivalent of the S&P right now is about 6600. I think we are very close to a bottom here, I am looking for a 400 point plus selling climax day to mark it. This is a GOOD thing folks, better in an upswing and not a recession.

[steveegg]

Let's assume a 1.5% average daily drop in the major indexes between now and 8/14 (definitely not out of the question). That'll mean a net 21.48% drop between the close of business today and the opening bell of The Witching Day, and put the DJIA at 6112, NASDAQ at 1006 and S&P 500 at 643.

All you need are a few strategically-placed companies to shove the herd in that direction.