Monday, January 7, 2008

Climateer's "Line of the Day"

Goes to John Ogg at 24/7 Wall Street in his piece "Stock Market Pricing In A Recession? It Already Is":
...Technical averages become important and major support violations take away many hopes of a recovery in any rapid time frame. When you see the market and stocks trade on a "Gap and Crap" basis where the stocks open higher and sell-off immediately, that takes away most enthusiasm too.