Closed below 8000 today, with no revival from bottom-watchers like the last time it dipped briefly below 8000.
That's cause it looks like the Big 3 aren't getting their loans.
This time we're headed for a new bottom. My target for getting back in was 7400. If the auto industry goes under, though, I'd revise that to 7000.
Still think we'll be there by January.
Wednesday, November 19, 2008
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