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Posted by: canadianrancher57 1 year, 1 month ago
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canadianrancher571 year, 1 month ago
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Just looking at the graph it is hard to believe how easily to took out support around the 10,000 level if it fails to find support at between the 7 to 8,000 level then we will have pure panic. By taking the short sellers out of the market I think that we have removed a group that may have slowed the market around the 10,000 level.
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I have a feeling that alot of the selling is coming from some of these executives who have stock options as part of their pay, most analysists like to say that you should stick it out but maybe people won't come back into stocks after seeing how the top people from alot of these companies have done alright at the stockholders expense.
Wolfie as for your comment on peole moving their money elsewhere I think that some of them want cash just in case and as for Warren Buffet he will likely only buy what he knows will suvive very tough times and they will likely only be prefered shares.
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