OTCPK:PTAUF - Post by User
Comment by
bungee303on Sep 04, 2008 3:57pm
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Post# 15431974
RE: Crash
RE: CrashPopular opinions by 'talking heads' today - orderly sell-off ahead of bad US unemployment figures tomorrow. Not panic selling. Oil hitting $110 resistance so better chance it will go lower. US$ will continue to rally for a while against Euro as they need to cut rates, CDN$ already getting hit because of tie to commodities. Resource junior sector will suffer from tight credit. Enough rumors being generated about US banks getting sold or saved to keep the masses confused and hopeful. Up until 3 days ago, TSX had done much better than any other G-8 market - more potential for downside than upside. Also commented that hedge funds liquidating would be a drop in the bucket - nearly 65 million shares of POT traded since Aug. 27 should have cleaned up that.