As the marekts wallow around trying to find
the next HYPE-POINT on which to "rally" the BATTLE FOR DOW 10,000 must be in the back of everyone's mind...
The market simply can not afford to let the Dow drop below 10,000 for fear of "what lies beneath..." Could a break of 10,000 be met with widespread program and stop-loss selling... Of course, there is always Plunge Protection, BUT WILL THEY BE ABLE TO HANDLE THE FLOAT?
My hunch is that the economy will simply keep adding "straws" to the camel's back...Until the LAST STRAW...the one that breaks the camel's back is added...
And it will all seem so sudden and unexpected.
