Remember the Nasdaq crash that started in Mar 2000 and ended in Sep 2002? Now is DOW's turn and it started in Oct 2007 and will end in Oct 2009 when DOW will be trading in 5500 range.
I dont think so. I believe 7300 - 7500 will be the bottom. We are seeing bottom for all the sectors except financilas. dow will loose only 581 points if all the finacials goes to zero. for example, if city goes to zero dow will only loose just three point. most of dow points are depends up on IBM, walmart and mcdonalds.
praveen from Pakistan who came into the country on a donkey or maybe a cow doesnt think the Dow will crack 7500-7700. LOL...you know how many indous have lost their pants in this market? and they keep cost averaging downer and downer, they have no idea what a bear market really is, let alone a mini depression, poor pakos,
Yes ,but who will finance the continuing operations for the rest of the companies? Where the financials are at, the rest of the herd will soon find itself. If financials crumble,the whole system is vitiated!!!
FYI I do not short stocks I believe in the USA and invest in SPY DIA and QQQQ for I believe in our companies. Let's not from an investor's point disallow ourselves from speculating what might be happening. Obama speaks of those holding/getting mortgages, a classic demand side perspective.
I hope for markets dooms day, let's have capitulation, let's get it over with, what you want 2000 points on the DOW you got it let's move on. This slow death is killing me.
gr200k, I am not a pakistani...I am a Hindustani. if dow reaches 5500 you have to stand on a line for food coupons and I have an option go back to my country on a cow or may be on donkey.