7/2 - "The general stock market behavior recently has been painful, to say the least. Now with DJIA broke below March low, any hope of a quick ending on the current bear market diminishes...January and March lows will not hold for the current on-going bear market, and we should expect a 2nd leg down leading the S&P toward the $1,100 level."
"Usually, strong rallies happen during a bear market, partially due to short squeeze but more due to false hope that the bear market will end soon and greed will take over, as investors try to pick a "bottom". This kind of bottom picking rarely works, especially during the early phase of a bear market, when sovereign wealth funds [SWF] buy investment banks and other financial institutions in the 1st half of this year."
"I am also very concerned about baby boomers getting close to retirement. According to Jeremy Siegel, a profe...
$1291.16003 (07/02/08)
