Markets To Lose 1000 Points In Week Ahead?


The markets did not handle the nice rise in the futures on Friday although they did manage to close the day up 39 points. In my opinion that weak close could signal the bears are still in control of this market and the “cash for clunkers” has now been priced into the markets move.

I look for a very weak market performance in the coming week and would not be surprised to see a 1000 point drop before next Friday’s close.

I also think that those who are looking for a “Christmas Story” play may want to watch Majesco Entertainment (Nasdaq:COOL) for any nice pull back from current levels. This company seems to be riding a nice uptrend on some recent game releases and qtrly reports that very well could send this stock much higher as we head into the Christmas Season.

2oversold.com is a blog for the individual consumer and private investor. We are not experts in the markets nor do we make any recommendations of any company. The companies we blog about are discussed for the purposes of this blog only and this should not be considered as investment advice.

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This entry was posted on Sunday, August 16th, 2009 and is filed under story stock. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
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2 Responses to “Markets To Lose 1000 Points In Week Ahead?”

  1. admin on August 17th, 2009 at 5:53 am

    Looks like a start to a rough week. DOW futures currently down 181 points.

  2. Don Switchlist on August 17th, 2009 at 5:40 pm

    Good call this weekend and while the Dow did fall 186 today that is still a long way from 1000 point drop. Can’t say I agree with that much of a drop.

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