The problem is this week there is/was a concerted effort to drop it down into the 8000’s!
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Even if TODAY we dropped back down to 7,800 we would still be 6000 points HIGHER than we were in 1988. (In 1988 the DOW finally broke the 2000 barrier)
We’d be 4000 points higher than we were in 1994.
We’d be right were we were in 2003.
Losing 5 years is bad but not the end of the world IMO.
maybe
The real problem is that tens of millions of people have made lots of money gambling in this (stock market) Casino, they lost it, took out loans with loan sharks, can’t pay up and ....and....
AND WANT DECENT FOLK TO BAIL THEM OUT OF THE BEATING THEY’RE GONNA GET!
tough love
Now them Russian boys THEY got problems. But you know, I bet the Georgians will be willing to loan ‘em something.
Semper Fi
These decent folk are the very ones who would suffer tremendously if the DOW took a drop to 8,000 in a matter of days without recovering.
Banks would fail, unemployment would rise, the defiicit would grow even higher, economic hopelessness would prevail, and the hope of recovery would be far in the future.
We don't want to go there.