To: Kartographer
An economics analyst who predicted the last recession correctly wrote a column over a month ago saying the DOW might touch 17,000 but that would begin a steady fall.
Today he was interviewed by Stuart Varney and he said he thinks this is the start and expects the bottom to be around 7,000 - maybe by the end of the year.
In other news: Cheaper than Dirt is having a guns and ammo sale at rock bottom prices!
S&W M&P15 Sport AR-15 Semi Auto Rifle 5.56mm NATO 16" Barrel
30 Rounds 6 Position Stock Fixed Front Sight Polymer Handguard Black 811036
Our Low Price: $594.92 14 posted on
10/15/2014 4:33:38 PM PDT by
Baynative
(Did you ever notice that atheists don't dare sue Muslims?)
To: Baynative
If the down went to 7000, good companies would be trading at 8 or 9 times trailing earnings, and paying dividends of 6 or 7 percent.
How could it go that low with all the cash available for investment? The only time that happened was March 2009, when big institutions were desperate to raise cash.
To: Baynative
Btw that is a mighty fine rifle...
38 posted on
10/15/2014 5:48:18 PM PDT by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: Baynative
You do realize that there are several of these “experts” who predict a recession every week of their careers, right? Eventually they’ll be correct once.
If the Dow drops below 15,000, it’ll be a great time to but more stocks.
40 posted on
10/15/2014 6:00:19 PM PDT by
Round 9
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