If you're short, I'm the sucker going long....: damn

Tuesday, February 17, 2009

down 200 on the dow
down 25 on the spx

this is roughly a retest of nov...

we should bounce hard..

Tony said...: Fade it?; February 17, 2009 at 9:29 AM
Eric said...: I would think so, but it may only be a short term bounce like 20 minutes or 40.

not enough despair on the boob toob; February 17, 2009 at 9:36 AM
Eric said...: if you read calculated risk, a 2% gap has a shelf life of no more than 5 days.; February 17, 2009 at 9:39 AM
Eric said...: I told T-lo we were in despair a month ago.. she had some doubts..

I had some doubts..; February 17, 2009 at 9:49 AM
Tony said...: We weren't in complete despair a month ago... we may be now or getting there. If by despair you mean discouragement.

I still think those steep chasms in the discouragement phase are no accident: we will have high volatility and wide swings in short term levels.; February 17, 2009 at 10:44 AM
Eric said...: I was just talking about how the "discouragement phase could be building".. and how the hope from December was giving way.

But I still... There are 2 "point B"... that is what worries me..

a Second "black swan of hope"..

But we feel like we are working on the 'give up" phase.; February 17, 2009 at 10:51 AM