The fun is over
posted on
Nov 13, 2008 01:41AM
We are within 100 points on the dow of breaching the October lows .... how far do we go from here .... it would seems 7700 is likely ... how much more capitulation will decide how far the bottom goes for now. The tsx needs to drop anothe 3-4 hun before its lows are tested, but as the dow goes ... so will we.
This is really just starting to hurt, and the economy's weakness has finally awoken most people. Of course the comments it will be a mild recession by the cheerleaders in the media fails the average person who hears that and says "we'll be alright".
Fact is now the real gut wrenching time begins .... nost of us have lost so much and to go to zero or hang in will be the question on our minds. There will be mega losers .... companies going under, be very selective remain liquid as much as possible. Hold some physical gold and silver and hang on to quality.
CSG is quality ... do not forget should you feel like throing in the towel or temorarily lose your head.
Orgy