poolman
Top Return 2008
Remember, the market is nothing more than a way to buy into the earnings stream of companies, usually on a "best guess" basis months to even years out in the future.
A sound case can be built that earnings streams going forward are seriously impaired, and historic valuations placed on those prospects given the current and projected economic environment give us a S&P value of 500's to 600's.
Not ridiculous at all.
The ride down is simply a tug of war between various future scenarios, mixed with some big players (Da Boyz) gaming it for short term profits.
Good luck, and realize that if your are going to stay in the casino........ you will need to put your winnings back on the table, and the house WILL take some of it back.
You're doing great so far.
You have very good points here Traffic_dog.
This downdraft has been very Swift. Hindsight is Foresight. I wish I would have not gone 40% on my last IFT. Maybe 20% in Retrospect. At this point I will continue the Ride.
At this point 11 of the last 12 trading day's have been Down. I think we will have a nice bounce soon. We are definitely creating History with this Crash.