The Unintended Consequences of the Crash

By Todd Harrison May 13, 2010 12:20 pm

Will we look back on this period as the eye of the storm?

Todd was on Yahoo Finance Tech Ticker today to talk about the markets and last week’s crash. He sees unintended consequences coming out of last week’s market crash as well as a period of price discovery. On the technical side he sees a possible downside gap fill on the S&P in the 1150-1120 range and 1925-1850 on the Nasdaq.

Talking about the psychology of the market Todd mentions that we may look back at this time in history and see it as the eye of the storm or the halfway point of the crisis. We've pushed our obligations out into the future and he thinks we have another three to five years of working through this credit problem .

See the full video below.