Bear case - is S&P 400 realistic?

Is S&P 400 a realistic target if the bear continues?

  • Hell yeah!

    Votes: 21 41.2%

  • No way, that's ridiculous

    Votes: 10 19.6%

  • No idea, just trade it

    Votes: 12 23.5%

  • It could go down more but not that much

    Votes: 8 15.7%
  • Total voters
    51
We are back at the SNP levels creating a huge head and shoulders. Next support is not so clear. Many have called for 600 being some kind of support, so if we fail, maybe a strong bounce there???
 
Looks like we're gonna test and break Dow 7500.

S&P 400 is absolutely realistic.

S&P at 500 would be a little more realistic.
 
Tomorrow can be the test of new lows on the market, as I said at DOW 9000 new lows are coming and they are coming soon, we could get a bounce or 2 from here however I still believe we break through the lows set just 2 months ago and head down further, at that point I would be buying for a bounce, the market will bounce eventually, it always does. I hate saying it but I do see banks bouncing 20-40% very soon, I believe with some of these earnings we now know what to of course expect from the rest of them.
 
Please let us know when you go bearish. :]

Your my # 1 indicator. We love you @ ET :]

Quote from stock_trad3r:

we need more stimulus & bailout. ban & paulson plz do something. ppl need 2 stop selling
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The bears have been wrong in one thing, they havent been bearish enough. This hints the fundamentals are worse than they think, at this point we can't rule out anything, from hyperinflation to a deflationary spiral
 
Quote from Daal:

The bears have been wrong in one thing, they havent been bearish enough. This hints the fundamentals are worse than they think, at this point we can't rule out anything, from hyperinflation to a deflationary spiral
More...

Wrong. The economy is still fundamentally strong. IBM crushes estimates and guides higher. LOL no deflationary spiral either. The core consumer price won't budge.
 
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