more pain. but it will only require a band-aid and not a full amputation.
It appears that the worst is over, and I think this was evidenced by the capitulation volumes around the 22nd Jan. There was fear in the air then, all of the chat boards were in panic mode, and it was headlines on all the news media. Yes there is talk of recession still but there is no weight behind the speculation, sup-prime is no longer the issue nor the monoline whaterverthatwas issue.
the indices should go down and re-test the Jan 22 lows and then we can re-assess whether it goes up or down. I am still of the opinion that we go up and have our good old garden variety recession in 2010
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |