I’m guesing the bottom is at 6,000, but I could be wrong. The Community-Organizer-in-Chief could wake up the morning it hits 6,000 and announce, “because of the bad economy, we need to nationalize health care”. That would send us in freefall to 4,000, but even Obama couldn’t be quite that stupid. Could he?
a coupla weeks ago they said 7,000 was the bottom, I think the bottom is around 3,000
“I’m guesing the bottom is at 6,000, but I could be wrong. The Community-Organizer-in-Chief could wake up the morning it hits 6,000 and announce, “because of the bad economy, we need to nationalize health care”. That would send us in freefall to 4,000, but even Obama couldn’t be quite that stupid. Could he?”
That’s the problem with bargain hunting in this climate. Normally, it’d be the way to go. But the earth has shifted here. By pushing for socialism, Obama is creating a new bottom and none of us knows how low it is.
What is the bottom when the very notion of private property is no longer as secure as it once was, with everything we earn and own subject to a new level of taxation (confiscation)? How do you fully price that in? Good luck.
4,500, at best.
You are making the assumption that the goal is not the utter destruction of capitalism, aren't you?
BTW, I'm calling the bottom at 2500