[TurtleUp]

And so goes the DOW. I’m beginning to think that Jim Cramer is right when he says the DOW’s bottom is going to be around 6500. This morning the DOW opened pretty close to the threshold of 6600. It’s on its way up now, but that could be what economists call a “dead cat bounce.”

A bottom forecast of 6500 is what I call optimism. That takes into account all the bad news we have from the first 45 days of the Obama Administration, but as they say in late nght commercials, "But wait, there's more! You also get ..." Once we find out what Obama plans to do to us next, we'll have another free fall.

[quintr]

I suspect you could be right. It’s discouraging to listen to the economists being interviewed with nary a one in agreement with the other.

Tells me that none of them have a real clue, just prognostications.

Waiting to see now if GM is going to file for BK after the close today or Monday. Suspect that if they file for restructuring, it will be after a close in trading on a day of their choosing.

I agree with you fully that there are bleaker times ahead. And everytime Obama or his buddy Geithner takes to the mike, the market heads south again.

Not exactly a big vote of “confidence” there. To the contrary, in fact.

— Jane Reinheimer

[chimera]

It may blow through 6500 today. I think we're washed up on our “investments”. Maybe get back pennies on the dollar. The announced Obombah spending sprees have killed any last hope for recovery anytime soon. It's sobering to think that we didn't recover the 1929 highs on the DJIA until about 1955 or so. Anyone here got a 25+ year timeline? There may be a few, but speaking for myself, I'm gonna be dead long before then.