10-29-2008, 02:31 PM
BLINGMW Wrote:GOOOOOOOOOOOOOOO
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hahaha
I hate to be the pessimist, but I think we've still got a bit of bear country to travel. We'll prob see a couple days of good weather (yesterday was good, but only made up for the past week despite being one of the biggest single-day increases in history) because of people feeling good about yesterday and a possible Fed rate cut, but in general I think we'll still see a downward trend for another month or more before we'll really hit bottom. I'd also expect the rest of this week to be a big sell-off for mutual funds to try to make the most of this spike before they close the books for their year on 10/31. Most of that selling has already occurred, but some of it might be sitting out there still.
Retailers will get slaughtered this coming quarter b/c they typically count on good Christmas sales, but with unemployment up and everybody tightening their budgets, the spending just isn't going to happen. Wal-mart is the only retail company that I would bet on having a chance at doing well.