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Stock Market Yo-Yo Watch

59
itellu3times3/05/2009 10:53:29 am PST

Market *could* make a bottom around here over the next week or six, but it’s very undecided. Per the press of the last few days as Wall Street and MSM start waking up a bit about the cluelessness of Obama and all his little friends (Geithner, Orszag, good grief), a few elements of existential panic are beginning to surface outside of LGF. If these catch on, I dunno where the stock market bottom is, nor when it will recover. I’m not ready to panic yet myself, but this market has been one cascade of oh-this-is-the-bottom for about a year now. Unprecedented in a bunch of ways. Unpredictable by anyone currently on the planet.