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re: Dow Jones At 6763 .. Obama Time Is Gaining Momentum

Posted on 3/2/09 at 2:28 pm to
Posted by TigahRag
Sorting Out OT BS Since 2005
Member since May 2005
132775 posts
Posted on 3/2/09 at 2:28 pm to
quote:

I am a bit surprised that there hasn't been a reversal today.


me too .. God, there are some bargains out there .. or are there, colonel ? i just don't know anymore .. at this point, the dow in the 5,000s by the end of the week wouldn't stun me ..
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 3/2/09 at 2:30 pm to
no, no bargains, we're just way oversold on a technical basis.
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 3/2/09 at 2:30 pm to
quote:

at this point, the dow in the 5,000s by the end of the week wouldn't stun me ..


It would stun me. That would drop another 35% off in the week. You would most likely have the exchanges shut down if that were to occur.

Did you see that citi is almost a buck? What happens when part of the dow gets delisted?
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