Posted on 10/09/2008 12:05:59 PM PDT by pissant
Based upon historical data, the S&P 500 should be at 820 (based upon avg. growth 1950-1980).
it still has a ways to drop. Once it hits 820ish, I’m in.
I’m going with the bottom being about 50% off the peak.
That’s around 7,000 or so.
Good - keep the old one.
7700 before November.
Gold at 2000/ounce.
Total global breakdown in November.
Anarchy by December.
Mad Max by January.
Road Warrior by February.
Mad Max - Thunderdome by March.
Terminator by April.
Terminator II - Judgement Day by May.
Terminator III - The Rise of the Machines by June.
We should have a pool/raffle to guess where it will bottom out. Winner gets dictatorial Fed powers and a $400k spa retreat.
Baloney.
There were plenty of free market approaches to fix this, from the likes of Gingrich, Savage and Forbes, to name a very eclectic group...........
No silly, not WooHoo!!..it’s WaMu!!!
Honestly, I think the markets are actually reacting to Obama leading in the polls. Taxing the living daylights out of the rich, corporations, and investors? No poor man ever gave me a job.
Indeed.
74% of CEOs Believe Obama Would Be Disastrous for the Nation
I have some movies to rent then, to get mentally prepared.
Hey, look what the cat dragged in. Hi Laz
ROTF!!!
It seems like stories like this are more common. I don't see how we will have a quick recovery when stuff like this is going on all over the place.
And it is not just media hype, credit has been contracted quite a bit.
My guess is that consumers have pulled in the reins a lot in the past 4 weeks, and that statistics haven't picked it up yet.
Your awfully optimistic.
CNBC has reported several times this week that the approval rate for 800+FICO new auto loans is about 80%.
Twenty percent of 800 FICOs turned down!
Yep...but nobody wants to talk about it. They'd rather talk Obama/McCain conspiracies.
9000 seems to be a psychological barrier.
Never mind...
(Here's a link to the docu if anyone's interested: http://www.uptheyangtze.com/)
Many high net worth investors that may have not had the best asset allocated portfolios are hurting and are panicked.
I have spoken with either 1st or 2nd hand with those in brokerage or mental health, and people are not handling this well.....
Not ot mention I think many are getting out while the rate is still 15% and are harvesting their gains.
The question is, how far back does Obamee retro-act the tax like Clinton did.....
I agree.
I think the continuing market dive reflects Obama jitters.
It will be interesting to watch the polls and how the market reacts.
These hedge funders and CEO’s (and the europeans too) only thought they wanted democrats in control of everthing until Stretch Pelosi and the gang that can’t shoot straight foolishly tipped their hand on some of their future plans for Wall Street...
Someone a few months ago said “A pendulum does not stop at equilibrium.”
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