9700-9500 or 970-950?



Here is my thing, I see this politically and thus this is not a static issue, if it were, sure it could drop precipitously and permanently. Investors are to me like people betting on a game while it's transpiring. They're reacting and many times waiting. They build in to their moves what they believe will happen months ahead. They know the more the economy falters the more likely a change, 2008 was a perfect example, and they look at what the change might be and they react. IF they don't like what they're seeing now they see a change as good and you don't sell out when you think next year will be better.

They're thinking spring 2012 not October 2011. No different then Delta surveying the landscape and then adjusting seat inventory for next year.

I don't think the economy will fall as much as some fear frankly because the more it falls the more money you have in your pocket as energy costs decrease. But I'd say no lower 9900 through this time next year unless a catalyst that is unforeseen at this time happens.



That's my argument for no lower than