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Thursday, October 9, 2008

Stock Market Crash (september - October , 2008)

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Dear readers,

It has been a sad 10 days. They do not say it loud, by the market has crashed, as
It has lost close to half its value (between 40% and 50%).

This is very sad particularly for those in retirement or close to retirement who have had their money in the market.

By historical standards this is a crash (bear market) like no other crash. Typically, a bear market loses that much, howver over the entire period of the bear market (2 to 3 years) not in a few days.

As you may have noticed, I have paused making short market calls, as I do not find it moral to contribute to this madness.

I will provide in a next post, some remarks related to the unsual behavior of the other markets in conjunction with the stock market.

My worry is whether we are in the opposite of an inflation ( a depression). A depression is rare, and more devastating in treasure and psychology, in a short period of time.

I considering starting a call on the Fed to declare a plan to buy stocks (not individual stocks, but the market), or sell puts. If they do just announce such a plan, I think the market will find a support.

Despite all the gloom, there is something unusual today: VOLUME was lower, while prices were coming down. This should signal a possible bottom, and a sharp up move in the next few days starting tomorrow (Friday) is not to be excluded. If the reversal happens tomorrow, I would not be surprised by a move as high as 10% price gain, with a market closing higher than the high of today Thursday October 09, 2008.

10-10-2008 might become a joyous day to remember, and the rest to forget.

(Please do not take it as being blant, but I wanted to highlight that you comments are not only welcome, but are needed).

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Happy trading,


Anonymous Anonymous said...

Next, economic crash.

October 9, 2008 at 6:43 PM  

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