Michael Seery of Olympus Futures and John O'Donoghue, head of equities at Cowen & Co., discuss the outlook for the U.S. stock market. John O'Donoghue, sees support for the market at 1000-1020.
Michael Seery says the big volume days are always on the downside and is very pessimistic about the market. He thinks we will penetrate 1,000 points on the S&P 500 Index in the next 10 days and a bottom may be made at around 900 points.
Watch the full video: Seery Sees S&P 500 Falling to 900s; Cites `No Growth': Video
Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID), iPath S&P 500 VIX Short Term F (Public, NYSE:VXX)
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