Friday, October 24, 2008

A Panic Day

Today may be one for the record book. As stock futures point to a blood-bath today, one must wonder were the bottom truly is. If the Dow Jones industrial average falls 1,100 points before 2 p.m., the market will shut down for an hour. If this level is broke between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. Trading would stop again if the Dow falls by 2,200 points. If the Dow falls by 3,300 points at any time, trading would be halted for the day. Let's watch the carnage unfold.

Try to have a good one,
Roger

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