主题：大萧条以来最严重经济危机，道指会跌到9100？ -- 倥偬飞人

上图表明最近的市场调整幅度已超过八月份次贷危机的幅度.

市场波动指数已经达到自2003年九月的最高, 同样高于八月份.

Last earnings season's decline of 6.87% was the worst since Q4 '02, when the index was down 7.78%. Fortunately, the market snapped back significantly and was up 9.72% from WMT's report date on 8/14 through the start of this earnings season on 10/9.

今天WMT做了同样的事, (历史可能重复).

但用WAL-MART的数据来证明消费市场本身是不能令人信服.明天可能还有一个三百点的升幅,然后呢? 是对YEAR END RALLY的悬念?

基本面没有变化,市场还会动荡下去.然后会看到信心的丧失.动荡持续...