Replies to post #726 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

S&P futures 979 basically unchanged. That would make fair value a couple of points lower then 4 PM close.

It wouldn't be hard to have prices to look cheap from these levels tomorrow.

[Ace Hanlon]

The dollar is crucial here. If it keeps going down we will be lucky to go back to Naz 1450 before plunging to new lows IMHO.

Note that European stocks decoupled from the US today. They were down just modestly despite the big hit here in the US. That tells me European investors are pulling their money out of US equities to invest at home.