Intel earning news killing tech. Cisco, Microsoft, IBM, etc, etc, all down after market’s close. Tomorrow’s opening likely to be worse. There could be some distressed buyers mid-morning.
Nothing, nothing is working. Gold, silver, oil, equities….all getting killed.
Is this the tipping point? Will everyone, everyone finally give up?
Who w/b the brave one to step up here at these prices? Very tempting? Said that last week.
Homeowners have lost trillions, equity holders have lost multiple trillions.
Buy and holders are finally giving up and bailing out at any price.
And the worst scenario: traders using charts believe that if the S&P drops below the lows of 848 we could be headed to 450-500. It closed today at 852 but is way below that in after market.
A case can be made for the D word. The government bailouts seem to mean nothing, nothing. That is the difference between 1929 and today; government intervention. It doesn’t seem to matter.
