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Thursday, September 04, 2008

We have come off the days low at 262.51 and we are now about 1 point above that.

Rallies are where you find them!

3 comments:

Anonymous said...

We have been fighting against a tsunami of sellers for months now. I finally thought we were catching a break, but it now appears that "forced sellers" will continue to swamp us indefinitely. The massive leverage put on will now lead to a massive deleveraging process, which is what I think we are going through at this moment.

I am not sure that alot of the bloggers here understand just how reckless the hedge fund community is. These guys are nothing more than river boat gamblers. When times are good they are proclaimed as genuises, when times are bad it's the market's fault. The day of reckoning is here for alot of these guys.

Anonymous said...

Maybe it's not forced sellers...just a thought.

Anonymous said...

that was the reason i used quotes...