Guess these knuckleheads were a tad too early! Dang, we are just absolutely cracked. Anyone still want to tell me how nuts I am calling DOW 4500? Please, tell me how nuts I am, I want o hear it.
Where's my friend who kept sending me those emails saying DOW 12,000. Dow has ZERO shot of EVER seeing a new high. EVER. Not 10 years from now, not 1000 years from now. I said same thing about the Nasdaq and unfortunately I have to say it about the DOW, its TOAST, its never coming back to anywhere near 14,000. Mark it down.
The crazy thing is, we still have not had capitulation! It's insane, we may go to 1000 and people just hold on. At some point soon we'll get that capitulatory move and that will be a real buy. Yesterdays BS move was just that. Tomorrow will be interesting because Friday's have been the day shorts often cover and with the jobs #s coming we may buy them if they aren't absolutely atrocious. So, it'll be an interesting trading day.
I was in a pretty bad car accident tonight, just got back from the hospital. It's pretty horrid having your daughter be involved in something like that, but I'm grateful since it could have been much much worse. Guy ran a red light and rammed me basically. What sucks is, he claimed it was my fault. I tell ya, I lose faith in humanity sometimes, it was clear to everyone the guy screwed up, just admit it and move on. What can ya do, some people have no integrity.
In the meantime, I guess those airbags really do work. Man o man, I'm going to bed. I would cut back on size here today (Friday), next week should be a lot easier to predict.
See ya on the other side!