October 13 2008. Dow soars 11% in historic rise. Probably the influence of the great pumpkin.

Posted on Oct 13, 2008 by WHC Bassetti in Letters

October 13 2008   Astounding.  Miraculous. Weird.

Speaking of the madness of crowds and herd behavior.  Well, we were weren’t we?  An 11% day in the Dow?  As we said Friday short traders should have liquidated on the close.  If they weren’t they took a pounding today.

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