“Well, this would explain how the Dow is going to break 1000.”
.
Coming up on a dead-cat-bounce?
“Coming up on a dead-cat-bounce?”
Actually, the predictor of the Dow breaking 1000, Robert Prechter, really predicts the Dow will break the 1929 high, 381.17. He just publicly sticks to 1000 so as to sound semi-reasonable.
Then there is financial astrologer Arch Crawford, who says the most negative alignment of planets in human history is coming on August 1, 2010. He call it the cardinal climax.
On the bright side, once humanity gets through this period of negativity, it should be smooth sailing into the 22nd century and beyond. The worst should be over by 2016. Excelsior.