[Orangedog]

nothing but smoke screens because August the 14th is drawing near.

14 August (or the days leading up to it) will be the nail in the coffin that could very well take the Dow down to 7000. The NASDAQ will likely be hit even harder. 1300 is still way too high for the current P/E's. Somewhere between 850 and 1000 would be more in line with the fundamentals.

As ugly as this is, it could go a lot lower very soon.

[lelio]

be the nail in the coffin that could very well take the Dow down to 7000.
I hope so! Like Jerry Seinfeld said on his show the best way to take a band-aid off is one motion, right off! Get all the warts out there and start over. People will have faith in the market. Well until the next crook becomes a CEO.

[Vets_Husband_and_Wife]

Thanks. It's true.. it is ugly...and I think you are right,.. It's gonna get a tad uglier. Then a slower recovery,.. but a Bull non the less. What do you think?