BD
Its anyone's "guesstimate" atm.
Couple things.
I reckon most of the trading world knows the following:
a) Europe is stuffed
b) Yankee doodle land is a close second
c) China, well who really knows whats going on there???
I'm going to "lead with the chin" here and say I'm no Einstein...but, I wouldn't be surprised to countries default, More unemployment, Euro banks go insolvent, double dip recession in the US etc etc
So, if idiot me almost "expects" this, aren't the real smarties also factoring this in? Dunno, like I said, I'm no Einstein.
I guess the real worry is what don't we know that could shock the markets down further? Again, dunno. lol
Maybe we've just gone down to a new range between 3760 and 4350 and just fart around there and consolidate for a while.
I'm leaning to the short side mostly and generally have short time frames on things. I also think Dearth Vader, I mean Martis may haven't gotten into my head. lol
(joking of course)
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