7100, 7000, 6900, and dropping. Why stop there? Perhaps we need another stump speech from Big O to make us all feel better…
Sentiment aside, I think you aint seen nothin’ yet. (To paraphrase BTO)
The Dow below 7000 is one thing. The S&P below 700 - which could happen today - is probably a much bigger psychological barrier, and once its gone I’d be looking for one or two more of those big one-day declines that we all found so entertaining last fall.
a little more hope and change - ooops, now we are down to 6800!