Wednesday, November 12, 2008

S&P 500 LOW 865.81... only 25 points away from 52 wk LOW???

Markets are in de-leveraging mode again today???
New test of LOWS are in progress....

JASO went into loss for Q3 with derivative loss with LEH.....

All solar are in deep RED......

SOL faring the worst?????

Most sectors & stocks are down......

Will we get some relief @ close????

BLOG does OT give buy or sell.

Saleem

6 comments:

Mueed.A.Mohammed said...

Salam Saleem,

SOL is at 3.85 do you think it will go down further or is it a good buy now?
It has it earnings report on the
18th, if it meets or exceeds the expetations do you think it will go back up to 7?

Thanks,
Mueed

standardshigh said...

Hi Saleem,

Third and final test of the lows? Never have I seen this before. Maybe because we had the uptick rule to slow things down. Now its relentless. SOL at $3.85? Why? Makes no sense.

Have faith, we need it.

Stocks100 said...

Hi Mueed,

Walekum AsSalam,

SOL was crushed today.....

Guidance is the key for Q4 & full 09.....

Things are NOT looking good for solar @ all.....

Saleem

Stocks100 said...

Hi Standards,

NOTHING is making sense anymore...

It IS extremely discouraging for anyone in the market.....

Saleem

standardshigh said...

Hi Saleem,

Hey this reminds me of the history charts of 87. This may be the second low coming which will be lower than the Oct low. But not by much. Not looking forward to any more pain. ATL mayor says we need government bailout too! Everyone lining up.

Stocks100 said...

Hi Standards,

History is a good reference point...BUT never a stock market has gone down with such voracity with no real letup.

I am hoping that thursday we see V move......

Saleem