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Post# of 152232
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techno_bull

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techno_bull

Re: FCguy post# 70097

Saturday, 10/25/2008 11:54:59 AM

Saturday, October 25, 2008 11:54:59 AM

Post# of 152232
re: the market is similarly going to tank on multiple bad earnings reports and grim

The market doesn't wait around to hear bad earnings reports. Just the expectation of this news moves the prices downward. What we are seeing right now is the downward slide that you are expecting in Q4 and Q1'09 and while some downside risk (another 8-10%) is still in view, I think that the 'tanking' that is occurring now will be over by the end of the year. I would look for a sideways trading market for Q1 and Q2 with a gradual rebound starting around mid year 09. JMO
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