CNBC still trying to predict a bottom..

[socialize_me]

They did it back in March right after Bear Stearns, they did it in mid-July after record oil prices, they did it back in September when it looked like all was well with the bailout proposal, and now they're saying the Dow should be ~6500. Well, at least they're giving themselves a 2000 point leeway rather than using the current market rate.

People could've made a killing off this stock market collapse. Checkout "SKF" on finance.google.com...it's an ETF that shorts financials, and you can short the DOW by buying the "DXD". Since October 1st (only 8 days ago), SKF went from $96/share to now $181 in EIGHT DAYS. I don't even think tech stocks before the NASDAQ bubble ever had results like that. Absolutely insane.

 

[dannno]

Don't forget DUG - UltraShort Oil & Gas ProShares

 

[matthylland]

They have called it every day the past 6 days I think...

It will happen eventually, it is just a matter of time before they are right.

but 1 up day doesn't mean bottom either...but I'm sure on an up day they will be all hyped up.

 

[socialize_me]

Don't forget DUG - UltraShort Oil & Gas ProShares

I don't know if I would short oil right now..it's too tough to call, but of course I'm no expert. In the next couple weeks they say we'll have more rate cuts from the Fed.

 

[BarryDonegan]

thats optimism. they are trying to convince everyone it may end. maybe, out of hopes that they won't cause more panic... don't think its really working.