down 420pts not looking good, page-28

Hi barry... as much as i agree with you, i think you are a little bit too doom and gloomy... i think everybody realises how bad things are, what you need to remember is that the markets are a long way ahead of the current economy. This mess has been priced in (commenced) earlier this year.

I think the recent low's of the DOW and the ASX are pretty severe when you look at it. Agreed that we have not seen the bottom but it all depends on what sort of trader you are? If you buy stocks and hold then agreed now is not yet the time but if you buy and sell then there is money to be made (albiet risky) in this market.

The market never goes staright down without bounces and rallies and if you are patient then you can pick the right times to get in and out. IMO Monday will be a good day to buy (st anyway) as i think the DOW will have a bit of a nothing night tonight (maybe slightly down) due to terrible forecast jobless figures being released.

Keep in mind that the DOW has just seen it's worst two day slide since 1987 so it can't tank too much further in the immediate term imo. I am confident there will be a rally of some sort on Monday night which will see the ASX follow suit on Tues. Just imo. DYOR

1010 is a key figure on the US s&p 500. If it breaks that then the bottom is in imo