Posted on 09/15/2008 1:50:32 AM PDT by library user
Bloomberg is link only.
Emerging-Market `Panic' May End as Profits Spur 20% Stock Gain
There is a bright side to the dismal market, if you have some money to spend.
FWIW,
I heard a guy on one of the financial networks say he thought the Dow would go down to about 10,000, that there was one more purge necessary, then it would start a solid bull market.
bookmark
I think the final purge will be the possible failure and breakup of Washington Mutual Savings Bank, something that actually a lot of investors want to do. Once that clears, then you will see a lot of bargain hunters—especially from cash-rich Bahrain, Dubai and Qatar—jump in and buy a whole slew of stocks at depressed prices.
Im tellin ya we are DOOMED!
View from the ground floor. ;)
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