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The nasdaq up for a while because, if you think about it, 2 3 of the nasdaq components are well into bear market territory and well past correction territory. Why do you follow that so much . Well, sometimes when we dip into a bear market we dont dip out of it. Normally when you do, you sort of stay around town for a while. Meanwhile instant beneficiary when people get rather anxious about the market and stocks, wellthey park their money in bonds. The yields have collapsed as a result. Think about what that means. People would happily accept 1 1 2 on their money rather than lose their money. So that is interesting development. You always see when the market cascades. All right. Oil started this, as i say, phil flynn, on whats goingson and how low do we go. Phil, what do you think . Well right now, neil, we hold the low for the year. They were testing that when the Global Markets were melting down. And thats going to be a key number. A lot of people, more people than ever are betting th
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