I expected a bounce as well. at least a few point on the passing of the bailout bill, but a weak one that would just roll over. I was listening to bloomberg that night and they discussed after the fact the silence after the vote passed. Very little trading occurred after so everyone just stepped away.
I'm still in he camp that we don't bottom until 2009 unless we have a crash before that happens. This is just pure unadulterated selling. Everything is down this AM. Even what I would expect would find support isn't. I'm wondering how many margin calls must be firing off over the last few weeks.
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