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Monday, June 30, 2008
The Worst Is Yet To Come !!!
At least that is what I have surmised from reading headlines and looking at cover stories over the past few days.
The media are starting to throw a scare into me, and that is hard to do. So I think that the level of public pessimism is very high, so high as to preclude any substantial drop in the averages from current levels. In fact, I think the next big move from here will be upward to 1500 in the S&P and 13300 in the Dow.