What happens after the worst week ever?

General Business
1

I am thinking maybe a “best week ever”? DOW will touch the 10,000 mark by the end of October. My guess is that the market will be as explosive as diarreah in the next 2 weeks. I’m not guessing bottom. The bear market will be a LONG one. I just expect to see a rally up to 10,000 from this point before turning south again. The catalyst is that the G7 will work something out and that the LIBOR will start coming down. If it get’s down to around 2-2.5%, expect a sustained rally. That’s just before we remember that we are in a recession and start slashing earnings estimates again.

*** This is not financial advice. This is just a complete guess made by someone who is not a financial expert.

2

Don’t forget that the government is going to tweak every knob they have between now and election day. If they can boost the Dow to 10500 McCain has a decent chance ofwinning. Below 9000 almost makes Obama a shoe in.

This week should rally over 1000 before another round of profit taking sets in.

my opinion only.

So much water, So little time

3

made lots of dimes on them dead cats over the years

4

Please Mr Market, close about 10,000-10,500 some day this week. I would like to sell you at the close if I could. Heck, I’m not asking for much, but if you want to throw 11,000 my way, I’ll take it too.