rm ([personal profile] rm) wrote2009-03-05 06:52 pm

stock market

A couple of months ago I called the market bottom at 6300.

Today we're at 6,594 and Citigroup closed at $1.02. I expect tomorrow to have "modest" losses (80 - 120 points? -- that's modest at this point).

When I called 6300, it seemed drastic. Now I'm questioning if we can hold the 6000 barrier. I'm tempted to stand by 6300, but 5900 would no longer be a surprise. I worry, however, that if we go below 5900, we go into free fall, that there are no more solid psychological barriers in place at that point.

[identity profile] amberite.livejournal.com 2009-03-06 05:58 am (UTC)(link)
Goddamn, I wish it would just happen already and finish happening and be over with, and then I could get a fucking job!

Ahem, pardon this head of steam, I've been carrying it around for a while.