[quote=zk]Disclaimer: I know nothing about this sort of thing (as you’ll probably find out tomorrow).
Prediction: A 10% drop in the stock market tomorrow. That’s my prediction, but a 15%-20% wouldn’t surprise me a bit (if the circuit breakers allow such a thing).
Anyone else want to hazard a guess?[/quote]
My instinct tells me it is going to be a down day.
5-10% feels right to me, but it could definitely be bigger. Lots of discouraging action was taken this weekend, markets are going to have to react to that. I thinkwe finally realized that many businesses, schools, etc may be closed for eight weeks.
Even before the bad news rolled in this weekend, I figured it would take the typical pattern of a big down swing (that was Thu) followed by a slight recovery (Fri) and then the downside would kick in again (that would be tomorrow – Monday). I think we are on track for that.
