Our Awful Situation
End game: Dow dips below 11,000
Dow 9,500 and waiting for capitulation:
There’s a joke among news folks that two points make a trend. If it does, and of course it doesn’t, I heard an alarming one this morning: the Dow going down into the 9,500 zone.
It came from Ben Lichtenstein, president of TradersAudio.com, on “Squawk Box” this morning. I listen to it on my satellite radio as I drive in. He suggested if the Dow trips through 11,000 or lower, then 9,500 is a possibility too.
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