Replies to post #114074 on ajtj99's Market Pulse

[sylvester80]

20% correction of S&P high of 1576 is 1261. I think the gap down Tuesday put us in the range.

[stkboy1]

What do you think Paulson and Bernanke are doing today?

Unless this is all beyond their control I suspect that they will be working the phones to make sure the futures don't stay at these levels?

[jdaasoc]

You see any chance of FED rate cut before market open to mute decline that was seems to be ascribed to in foreign press as lack of significant action by US to avert recession.

Limit down S&P is about 5% or about 65.

ftse 100 6 up - 94 down

miners energy banks leading the way down

http://uk.finance.yahoo.com/losers?e=ftse

You need to dust off most bearish of forecasts because when people open up Jan investment statement in early Feb they are not going to like what they see and start to clam up on equities and spending.