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awallejr (66.30)

Capitulation Coming?

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October 09, 2008 – Comments (6)

One of the concerns I had about calling a bottom was the lack of volume.  Well it is there now.  And you have VIX making record highs.  Either or both Friday and Monday are going to be ugly I suspect. You are about to see prices on stocks at mindboggling lows.  I still have 50% cash just waiting to jump in. I just don't want to be the ONLY one ;p

6 Comments – Post Your Own

#1) On October 09, 2008 at 7:04 PM, TDRH (99.08) wrote:

Have not seen much movement in gold yet?   Thought it would be running.

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#2) On October 09, 2008 at 7:05 PM, barich1 (36.34) wrote:

I'm pretty sure Friday is going to be ugly, I predict -678.91 on the dow.

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#3) On October 09, 2008 at 8:19 PM, jerryguru69 (97.01) wrote:

Sorry, capitulation nowhere in sight. You are correct: trading volume is way too low. No one really knows how low we can go before capitulation.

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#4) On October 09, 2008 at 9:25 PM, Imperial1964 (97.50) wrote:

There's no buyers. The only place the market can go is lower when faced with massive fund redemptions and liquidations.

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#5) On October 10, 2008 at 1:11 AM, awallejr (66.30) wrote:

I dunno the volume has been there now.  It's those redemptions and liquidations that still concern me.  Margin calls can get ugly too. But one thing we ALL know, there IS a bottom somewhere. 

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