I thought all possible bad news was discounted - but apparently not
No way. There's a lot more to surface, imo. Like consumer credit. Like commercial real estate.
It's gonna get real ugly before the markets hit bottom.
I see no end in sight. That light at the end of the tunnel is a train. lol!
Of course, we'll have some VIOLENT up-ward moves along the way. That one last week was nothing compared to what's ahead.
The lower the indexes go, the more violent the upside moves will be.
It we close this month just at today's price on the indexes, that's going to provide a lot more potential energy for the upside move.
And, if we close lower in Jan. 09 too, then Feb.09 is going to provide one EXPLOSIVE up-side move that's gonna even impress me, who is expecting such moves.
