The slide of the equities markets, at least here in the US will continue in my opinion.  Even though the government is talking about a stimulus package, I think the slide will continue.  How much more?  I think than another 1,000 points on the DOW is quite possible.

I went on record on Sunday to a Hedge Fund manager that I know, that 8% is not out of the question.  We are part of the way their already.

If you have the ability to go short through buying some puts, you can still do well.  The Spiders might be well worth buying to watch them go down the drain and turn green for you while they do it.

This entry was posted on Friday, January 18th, 2008 at 3:39 pm and is filed under Opinion, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.