Monday, October 6, 2008

S&P 500

a .618 retracement from the entire 'bull' market (eg from 02 to 07) would be 1080. so far this morning we've seen 1082.

so the S&P, Euro, and the CRB Index are all at extremely critical price points. if we don't get a reflationary bounce here this week, then I'm going to have to declare the Black Box officially Dead.

but as Heinlein wrote, 'Few corpses are worth tears.'