Thursday, June 26, 2008

stock market fiasco

So....today the Dow Jones market went down 360 points. The Nasdaq went down almost 80 points. Not good.

But, the silver lining....things are relatively cheap right now.

General Motors (GM) went down nearly 11% today. What are the odds that it will rebound at least 2 or 3 percent on or near the open of the market tomorrow?

Same goes for Ford (F). Down 5.5%, likely to bounce at least 1.5% in the morning.

These are just my personal observations....but I think the term is actually called "the dead cat bounce"

We'll see what happens.

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