To: Billy_bob_bob
Dow 3000, NASDAQ 750, S&P500 500. Within the next two years. This is, of course, predicted with my patented SWAG ("Scientific" Wild Assed Guess) method. Personally, I'm in cash and real estate right now. Stocks and bonds make me nervous. You think it's going to take that long? Have you looked at the NASDAQ futures lately?
My prediction of Dow 3000 by Nov 4 (the day before the election) is still on, but is "slightly" shaky.
I'd bail out of real estate soon.
23 posted on
10/09/2002 6:13:33 PM PDT by
steveegg
To: steveegg
I'm planning on putting my house on the market this spring, taking profits and buying a more modest place. Hopefully it will sell in a timely manner. From what I have seen things have moved much more slowly that what I would have thought. I can't BELIEVE the Dow is still over 7000.
There is a lot of money moving out of equities. Some is going into cash, some is going into bonds, and some is going into real estate. So I think real estate is going to be doing well for about another year, and since my home is in a desireable area where few properties come up for sale I think I'll do OK.
To: steveegg
I'd bail out of real estate soon.Capital gains taxes in Cal (Fed & Ca) run 40% plus 6 % commission to realator and you will probably have to carry a second behind the bank. requires some thought. Remember this property is probably returning a good rent.
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