The numbers were pretty much the same today as they were yesterday. I still think the $200 million man is totally out of action right now and the S&P 500 just has a very negative number right now. The numbers again for yesterday and today in the S&P 500:
Yesterday: 74.02/210.80
Today: 78.87/210.34
This is not the most negative of the year or even close because the $200 million man isn't in on the down side. But I'll bet this is the most negative it's been without him involved.
The Nasdaq 100 numbers are still very negative, relatively speaking. Yesterday's quotient number was 1.19, today it was 1.32 on the positive side.
So everything is very negative, and yet ... we still were flat to slightly down. Just wondering, not predicting, but this does make me wonder if the move down is unfinished. Obviously, if you have the highest numbers at the market high and the lowest numbers at the lows, you have to have all the numbers in between. So even though the numbers are relatively negative, if there is more to go, it does make sense, unfortunately. Remember that the numbers in the Nasdaq 100 did actually go negative at the 2009 lows. So if this is a move down like that one, we still have a ways to go. Although we did get close to even money yesterday, so hopefully it wouldn't be a long ways, at least in terms of time.
We'll see what happens next week. I am concerned as this week ends. There are some extremely ugly possibilities here. But that's probably a good sign, that I'm concerned. Right?
Rob
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