Surfing the Chop on Wall Street Towards Retirement

Surfing the Chop on Wall Street Towards Retirement

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Tuesday, May 25, 2010

How Low Will EU Liquidity Crisis Push Down The Dow?

I think to unknown is at the core of this crisis.    So as soon as foreigners start clearing out the unknowns we will get a better idea.   Today's trading suggests there is some resistance at current levels.    Whatever you buy it is likely to drop or increase with the broader market moves, just like with the Lehman Crisis in this country.   Gold, Cash, and DLTR seem to be the only contrarian bets available.    Anyone else have an idea?   

8200-9500 according to Cramer.

8700 according to http://blogs.forbes.com/digitalrules/2010/05/how-low-will-the-dow-go/

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I have a passion for investing and surfing.