To: montag813
My own (admittedly uneducated) theory is that DOW will bottom out at 10,800 by June. Then begin a very slow climb and be back to 14000 within 5 years.
Simiarly, peak home prices from 2005 won't be reached again until late 2012, early 2013.
To: atomicweeder
I think it's more likely we'll see DJIA drop to around 8,500, then institutional investors will start snapping up American stocks like mad because of their extreme undervalue.
The fear right now is that if the American stock market really crash, it could take Europe and eastern Asia along with it because in our highly interconnected world, an American financial crisis could take down Asian and European banks with it. It will be 1929 all over again.
To: atomicweeder
I believe its going lower than that. The tanking U.S. dollar means overseas investors will be pulling their money out of the Dow bigtime in the coming months and will horde it back in their home countries in a flight to perceived safety.
56 posted on
03/16/2008 8:05:48 PM PDT by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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