Posted on 03/15/2009 5:10:58 PM PDT by arthurus
Since this current bear market took sixteen months to materialize, I estimate that within one year from today, fifty percent off the losses will be recovered, which would put the DJIA at around 10,700. The following year, we'll probably see an additional 30-40% rally, which will push it above 14,000.
(Excerpt) Read more at seekingalpha.com ...
Cetin Hakimoglu?
The present spending by the left would seem to be the same thing as happened from 1933 to 1941. I hope that this can be cured with a new election in 2010 but who knows if it can be stopped and spending will increase and the borrowing of money from China and Saudi will continue to be the number one priority. And as taxes go up on the small business people the number of workers will fall more.
He’s missing one important graph: actual job loss, the greater the job loss in a downturn, the longer the market takes to recover. And we haven’t seen the bottom of job loss in this recession.
Because his name is Cetin Hakimoglu. With a name like that you have to be some sort of a genius...........He's definitely not a hockey player.
Yeah, and then the sky will open and it will rain jellybeans.
Of course the trial lawyers will have a field day with the damage THAT causes.
It took many years for the dow to recover the losses of ‘29. This wont end overnight.
10 years before we see those numbers again.
Or switch to treasuries.
The next time this happens though, we won’t be young enough to care.
Out of the mouths of babes. Really bad when this is the best source of good news that can be found.
Don’t get me wrong, I would like to see it come true and I have nothing against youth but this is a mighty superficial “analysis”. Maybe the truth is that the market is really superficial as well.
Old age and treachery trump youth and enthusiasm every time.
When it broke 12,000 the MSM said it was only a number - that was when Bush was in office ...
Ok then it will be time to go out.
Ping me and I'll swear to be your blood brother.......
Gold at $2k, of course, would be a result of the inflation that seems already locked in and it would make the Dow at 14k highly believable. But 14k then wouldn't necessarily mean much actual rise in value for the Dow. The numbers will get nicely bigger, though.
Cetin Hakimoglu seems to have an “interesting” reputation:
http://disqus.com/people/cfdf6ce04f2e7dc5b6fdbd0d4949eda8/
http://www.wickedfire.com/shooting-shit/10099-joe-cracker-exposed.html
I don’t see the same thing as this guy. What will drive this new bull market? I don’t think we will recover until the economy is cleansed of toxic investments and we get a president who won’t stifle growth.
All a high Dow takes is dollar inflation.
A high Dow simply means a dollar doesn’t go as far as it used to on Wall Street.
With him gone, there would be a huge turn around quickly.
I think we can do that in 2010 like we did with Clinton. It'll be easier this time--Clinton was a crafty cuss; Obama's just plain stupid.
The name sounds definitely Turkish.
The author is prefacing his remarks on the assumption the market is operating within a free enterprise system. That is becoming less the case thanks to GWB, the socialist currently in the White House and the socialist controlled Congress.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.