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Re: Myself °¿° post# 2760

Thursday, 10/02/2008 11:45:54 AM

Thursday, October 02, 2008 11:45:54 AM

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EDIT -- hmmm... it sounds like it. I mean if this is some kind of cascade effect and it all follows through it should tick new lows before the House vote. perception of prices and values can chance quickly when you get new information. look at what happened when everyone expected the House to just vote it in. So what was a panic yesterday was a buying opp and that has worn out but the memory of what the House did is fresh so people are afraid again so they are pricing it back in just in case. So it might be a bottom into the House and a rally after they vote.

what if the panic yesterday into the close was overdone? if we ignore it then we are still following the current trend.

EDIT: Oh I forgot that jobs are tomorrow. that might kill any house rally.




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