stock market

[rm]

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.

Comments

[bodlon.livejournal.com]

When I became a homeowner in order to a) house my 60-something mother who retired without a retirement plan, and b) house myself and my partner (who at the time had not established himself in a stable, full-time job), I had a little switch installed in my brain.

It was a matter of survival.

There is a point that, if something looks sufficiently disastrous, my "Oh shit!" breaker trips, and I can no longer feel fear because fear feels pointless, and I start to focus intensely on immediate things that can be handled.

I think you just tripped that breaker. My filing and office organizing productivity is about to go through the roof.

[rm.livejournal.com]

Working in education and, assuming you don't own stock, you're relatively safe (education is one of the only sectors to have expeirenced growth in the last reporting period), but I think things are about to get irrational.