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发表于 2009-3-3 06:58 PM
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2# CoolMax
Obama has been in power for less than 2 months, you think people with brains will blame him for the market sell-off? Did anybody blame Bush during 9/11 sell-off when he'd been in office for over 8 months? Did anybody fault him for the 2000 - 2002 bear market?
The economy fundamentals don't support DOW go to 10000 and SPX go to 1000 level. If Wall Street wants to make money, they have to move the market. It's obvious to see which direction they'd go. They may want to kill two birds with this one stone, 1. making money in this sell-off, 2. scaring the white house and increasing their bargain power. The second part didn't seem to work out. Obama doesn't care how low the market would go.
So, this round of game is close to the end now. But this isn't the bear market bottom. We'll see the real bottom at some time 2010. |
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