Once the market blew by 7500 there is no bottom. Obama could bring in a zero based market. 50% unemployment and a non-stoppable death spiral. Priting money and bailouts will not even help. We are witnessing the death of the Republic by enemys rom within.
Agree...we’ll be lucky if the bottom holds 6000 and above. S&P 500 is still the key to gauging the bottom...a leveling off of the Depression REdux. Commercial real estate failures and credit card defaults have to come first....lost of those just over the horizon.
There is a term for trees whose seeds are enclosed in a wax-like substance deep inside the tree's cones. These trees live a hundred years or more. But even though they live so long you seldom see a young tree on the floor of the forest under the trees. The seeds in the cones don't normally germinate, it takes the heat of a forest fire to melt the wax and release the seeds.
I am convinced that's how our Republic will work. There are hundreds of thousands of seeds out there that will be set free by the forest fire of what we're apparently about to go through in this nation. The big-government, one size fits all, socialistic approach to life since the Great Depression has managed to crowd out a lot of the spirit that makes America what it is. And, just like a forest fire clears the forest of the overgrowth and old tress, the almost certain economic disaster we face will release the seeds of a new generation.