left a post last night on the xjo thread essetially trying to highlight that in the last two months much has gone the way of the USA eg lower oil, banks beginning to lend and all imports coming down in price thanks to a stronge USD, yet the DJIA is down some 15 to 20%. I think much of this is due to hedge funds being forced to sell along with other fund managers trying to keep up with redemptions and of couse plenty of margin calls.
Friday in the US was in my view a turning point. It was looking like the shocker of all time moving into trading but few sold,yes the market was down but on light trade. Bear market rally coming up, and with some luck we wont see these lows for quite some time if ever.
