“can’t see how the Dow can stay above 8.0k any longer and test the 7.6k low on 11/20/08. Even the Dow seems not only possible, but probable to be in the 6’s”
we actually need a plunge down to the mid 5’s to change the psychology surrounding the equity markets
a cleansing purge would allow people to think that a bottom was finally in and then they might start buying stocks again
the longer we waffle around like this, the longer the slow drain continues
