Posted on Wednesday, February 03, 2010
The recent drop is 50% of a correction and 20% of a crash. It will be interesting to see how far it falls. To predict the market in the short term is a close to gambling as you can get, and therefore my odds are 3/1 on a drop to around 5,000 and a quick upwards correction (plus 10%) back to 5,500. Of course, even my odds will no doubt be wrong! Colin Lawson Managing Partner
The recent drop is 50% of a correction and 20% of a crash. It will be interesting to see how far it falls. To predict the market in the short term is a close to gambling as you can get, and therefore my odds are 3/1 on a drop to around 5,000 and a quick upwards correction (plus 10%) back to 5,500. Of course, even my odds will no doubt be wrong!
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