Wednesday, January 23, 2008

Noon Update....

Dow - 165
S&P - 23
Nasdaq -60


This is ugly a selloff as I've ever seen and it all started on a whim, as traders decided to sell off stocks and take profits beginning on December 27.

The idiots on TV are saying that they want to see a complete washout of 600+ points in one day. That's a bunch of Bull. We've seen the market drop almost 2,000 points from this created hysteria. Enough is enough.

At some point the traders who have willed the market to crash will turn and go long. Not sure when that happens but I think it is soon.

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