It’s not so much Black Friday but Black Monday that you should be aware.
By Daniel at 27 November, 2009, 10:04 am
The drop today will probably be on the order of a couple percents.
It’s the Monday that has the potential for the real drop.
Remember that the flip side of chasing performance is locking in profits.
There is little incentive for people sitting on huge gains to hang around once the market starts to tank.
It’s been completely a momentum market.
This market really has the potential to go down a thousand points in one day per Art Cashin.
We haven’t had a serious correction to speak of.
And that’s four thousand points ago, in the middle of the worst downturn since the Great Depression, with double digits unemployment, real unemployment closing in on the twenties.
tarn
Related Posts:
Submit Your Article
Categories :
Market Outlook
No comments yet.