GREY:VMSTF - Post by User
Comment by
U3082014on Jun 04, 2011 7:19am
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Post# 18671086
S&P 500....close to dropping below 1300!
S&P 500....close to dropping below 1300!This is it....
Monday will be very interesting.
If the S&P 500 drops below 1300 I believe that we are heading for a MAJOR correction in N.A Markets in next 1-2 months.....
1250 is next critical number for the S&P.
If you check back to April it almost broke below that level, if it does.....watch out below.....as it might end up being a 2008 correction....worse yet the USA is close to their legal debt ceiling, and Greece is very close to being bankrupt.
Economic outlook does not look good.
I don't care if you have copper in the ground....if your a junior in the resource sector and we see a major market correction your going to get CLOBBERED...
The bright side is this will create a GREAT buying oppritunity.....after the big sell-off there are usually bargains.....VMS will be a bargain buy if it pulls back to 20-30 cent level again....for those who know what is at stake....!