ZZZZZzzzzzzzzombies....
Posted on 08/24/2009 1:40:24 PM PDT by Signalman
>>Like it or not, the powers that be want the stock market to be high.<<
I agree. However, one thing that keeps popping to the surface in my mind: They are not omnipotent. Sometimes things are bigger than “they” can handle. I think we are there.
My personal claim for expectations is 5500 by 12/2009. Made that one in March. Sucker's rally is about to be over.
ping
ZZZZZzzzzzzzzombies....
Anything is possible but the crash probably won’t happen until all the traders get home from vacation.
September/October.
www.maxfunds.com, a financial reporting site awarded Dent the The "Ultimate Charlatan"[3] Award. They write: "The worst investing advice usually arrives near the top and bottom of stock market cycles. Demographic trends guru Harry S. Dent is making the rounds again, and touting his latest book, The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History ...
In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009…The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.” ... Of course, those who read The Roaring 2000s, Dent's 1999 masterpiece, should soon be buying each of us a turkey with all the fixin's.
According to the book, only a year remains before the Dow breaks 40,000 and the Nasdaq hits 20,000, at which time we'll simply amplify our fortunes by shorting stocks in the coming depression. We can’t underestimate how big this final move up will be before the depression kicks in, since The Dow and Nasdaq are currently quite a bit lower than they were back in 1999 when The Roaring 2000s was published."
“Jewish-type arrogance and pagan morality”? ...hhhmmmm.
Lyndon, good to hear from ya!
Out of stocks into what sector? I’m in the same boat and don’t have a clue where to rollover into .
I think you've reversed the pecking order. If you think "we the people" still run this country, you've either been asleep or mesmorized by the incessant feel-good propaganda spewed by the MSM.
My choices are a handful of index funds (government TSP). I moved all my mammon into the G fund last January. The G fund is securities and stocks. A smart move if I do say so myself. My contemporaries lost half their werth last year. I moved it back into stocks and international stocks early this summer to catch some of that dead cat bounce. I’m taking the above advice and will put it all back into the bond fund tonight.
Thanks much !
In inflation adjusted dollars (1990) what is 2300 DOW in today's dollar?
Right on cue - Today is Thursday:
FDIC’s Fund Plunges 20% As Banking Industry Posts Loss
http://www.cnbc.com/id/32576575
From preposterous extreme to its opposite preposterous extreme.
Yeah, you got that right.
What did the DOW close at in 2009?
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