Monday, October 6, 2008

Doom Descends On Wall Street

Looking at close to a 300 point gap down in the Dow pre-open. World indexes are all down 5% or more. Russia closed after their index dropped 17%.

No worries though... they'll cut 50bp today to squeeze the hell out of any remaining shorts.

Then we'll drop another few hundo tomorrow.

Nothing is "oversold."

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