Comments on: Santoli’s Market Outlook: 8000 and 800 http://www.ritholtz.com/blog/2009/01/santolis-market-outlook-8000-and-800/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Wed, 10 Mar 2010 04:34:39 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Myr http://www.ritholtz.com/blog/2009/01/santolis-market-outlook-8000-and-800/comment-page-1/#comment-142190 Myr Wed, 28 Jan 2009 15:05:42 +0000 http://www.ritholtz.com/blog/?p=17347#comment-142190 I was looking for an upward bound of 865 - 915. We pretty much hit the bottom of that range and, yes, I did get some futures off a tick below the overnight peak. I'll scale into more if and when the market moves higher. I was looking for an upward bound of 865 – 915. We pretty much hit the bottom of that range and, yes, I did get some futures off a tick below the overnight peak. I’ll scale into more if and when the market moves higher.

]]> By: ben22 http://www.ritholtz.com/blog/2009/01/santolis-market-outlook-8000-and-800/comment-page-1/#comment-142032 ben22 Wed, 28 Jan 2009 00:30:39 +0000 http://www.ritholtz.com/blog/?p=17347#comment-142032 going higher to what though, we can't break 850 on the SPX. going higher to what though, we can’t break 850 on the SPX.

]]> By: Myr http://www.ritholtz.com/blog/2009/01/santolis-market-outlook-8000-and-800/comment-page-1/#comment-142020 Myr Tue, 27 Jan 2009 22:19:36 +0000 http://www.ritholtz.com/blog/?p=17347#comment-142020 Keep hope alive! It's exactly this sort of thinking that tells me the market is nowhere near a bottom. We are in the midst of an epic collapse- this should be obvious by now. How on earth can anyone think otherwise when the entire banking system is essentially bankrupt: Freddie, Fannie, AIG, Lehman, Bear, Merrill, Citi, Bank of America, Wamu, Wachovia, and on and on. Does an epic collapse stop now? at DOW 8,000? If it did, then it wouldn't be an epic collapse- it would simply be another painful post WWII recession. The Nov lows are now a little over two months old. We're just about ripe for another leg downwards. Within the next month we will have broken through 800 and 8000. Hopefully we get a little rally before then from these levels so I can put my S+P short back on. The trading ranges are narrowing(lower highs and higher lows) and the resolution to this pattern should be obvious: a major break to the downside. S+P earnings at $40 this year means 600 on the S+P becomes a magnet as the year moves on. Keep hope alive! It’s exactly this sort of thinking that tells me the market is nowhere near a bottom. We are in the midst of an epic collapse- this should be obvious by now. How on earth can anyone think otherwise when the entire banking system is essentially bankrupt: Freddie, Fannie, AIG, Lehman, Bear, Merrill, Citi, Bank of America, Wamu, Wachovia, and on and on. Does an epic collapse stop now? at DOW 8,000? If it did, then it wouldn’t be an epic collapse- it would simply be another painful post WWII recession.

The Nov lows are now a little over two months old. We’re just about ripe for another leg downwards. Within the next month we will have broken through 800 and 8000. Hopefully we get a little rally before then from these levels so I can put my S+P short back on. The trading ranges are narrowing(lower highs and higher lows) and the resolution to this pattern should be obvious: a major break to the downside. S+P earnings at $40 this year means 600 on the S+P becomes a magnet as the year moves on.

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