SPDR S&P 500 (SPY): two The market seems to need a catalyst...

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Re: Two-timer post# 61589

Thursday, 10/09/2008 1:10:02 PM

Thursday, October 09, 2008 1:10:02 PM

two
The market seems to need a catalyst and I can not see a clear one in sight. Maybe the pricing of LEH's stuff will do it but I think there is a better chance we go lower on that noise.
We need a washout type of selling to put a floor under us. 960 was bought by some because they believe in it as support level, well IMO this market has no support until they believe the systemic risk is gone.

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