Ask Vendit Off Topic Questions

[August]

This worked for them in 87, but he feels we're a little smarter this time.

With all due respect, the COMP is down 60%+ from its highs. In '87, it was a 22% capitulation day. I don't think "smart" is the right adjective!!!! This is NOTHING like '87.

FWIW, I'm starting to give up on the capitulation theory. Capitulation is what you get in a correction. We are in a bear market.

About two weeks ago, on this thread, I asked someone if she was afraid of the Dow. I got no reply. Look at the Dow today. Down about 900 points from my post.

Is anyone scared of it here under 10K? Does anyone here *really* think it can drop under 7000? I wonder, will it make one feeble attempt up to 10.3K before going the path of the comp? Or am I just trying to scare people?