The last four days have been hell in the stock market. I do believe that the selling is nearing it's end. I'm hopeful that the Dow will recoup some of the losses that it took today and turn sharply higher for the next few days. Will it make a run for 11,300? That seems far off given that we're at 10,830. There could be another dip before then. Then again I could be wrong and this could be it for the markets. Seems like we are seeing shades of things to come with Yahoo down 12% and the Tokyo Stock Exchange halting trading due to so many sell orders. This is what happens in a down market: fear, panic selling, infrastructure failures, etc. My gut tells me that these are just warning signs of trouble to come in February.
Hell for whom? While the overarching market is sucking ass a bit, it is easier than usual to find winning individual stocks in this climate. On the day of your post, for example, Ceradyne hit at an all-time high.
I made a killing on riding the bulls thus far this year! Baby, you need to swing both ways here... Mark my words: it's not ready to rally just yet. Good time to get in though, set a tight stop too.
