Bankruptcy

Stocks Drop 600 in Early Trading, to Recover

By J. Michael McBride

I said a few days ago that I thought that the markets were due for a big pop up and I still think that this will happen. Clearly, I was a few days and, oh, a 1000 points, off on that prediction. But I still think that there will be such a pop and that when that happens, it is time to sell any stocks which you may still own. Again other than a few small positions in inverse funds (see previous blogs for discussion, search inverse and you will see what I am talking about). Today may be that day for the pop.

Here is a good link to check through the day:
http://finance.google.com/finance?client=ob&q=INDEXDJX:DJI

Michael

Full post as published by Texas Lawyer Blog on October 10, 2008 (boomark / email).