market outlook

A week or so back a question was asked on where on saw the usa market heading at the moment.

My reply was that i saw it testing the july 23 low in the 7700`s.

I still this happeneing as downgrades are still happening and also i feel that there maybe a serious problem with a large financial instutution in the states before this is over as historically this usually happens.

Take my comments as you wish as i dont have any barrow to push, i do hold a few stocks (have 75% in cash at moment though) but will not mention them as with the way this site has been going lately one would surely be accused of something.

This is approximately my 5th year of being a member of HC (from ron gully days) and to say i am dissapointed at the rubbish that gets on here sometimes is an understatement so i just pop in now and then to pick through and read a few posts that still offer something.

Good luck to all

good hunting
cheers dave