[quote=lonestar2000]Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.
The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛
It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.[/quote]
Yes, but it aint gonna happen in the short term(interest rate cut to 0). That bullet will be used one we start seeing things get worse.
There is no other good pill in the short short term.
Guess its a buy and hold strategy right now. I’m sure there will be a day when we look back at this and say 8600 was a cheap time to enter. 🙂
