Who knows in this market anymore. We could rally from here, or not stop until we hit 11,000. It was exactly a month ago yesterday that we hit the all time high of 14,164, now we’re 1000pts down.
I think Black Friday retail sales results will be viewed as indicative of the consumer’s strength, and IMO it’s not good.
Another rate cut, might produce another one day rally, but year end reporting is probably going to be dismal.
