Tuesday, October 14, 2008

Monday was Wild

The market has been crazy for weeks but Monday was really wild.

We were up 980 points a new record for sure. The problem now becomes, what happens from here. I think the market will have to at least retest or get close to Fridays low as a start.

Earnings are starting to come out and we will see how cautious people are and what tone that sets for the market. It could be very volatile from here until the end of the year.

I think that there will be plenty of stocks that will go down whether the market is strong or not.

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