All the way to the ground.
But...this is really shaping up to be a “perfect storm” for Obama. He will claim a mandate to radically change our financial system (for the worse). Remember, he’s not President yet and all his voters are still blaming Bush.
Exactly, and not just that, but being that we may soon hit rock bottom, the recovery may take place during his administration, and if things go well after that, MARK MY WORDS, he will eventually have a monument to him in DC, right next to the FDR monument (which, BTW, I happen to think is gaudy and excessive).
Think maybe McCain had a “Uh Oh” moment when he suspended his campaign? He may have been given some numbers that made him think, “I don’t want the job anymore.”
I will bet the bank right now that we are back above 8000 easily within two years...probably more like back above 10,000 by then
Obama will get all the credit, the media will see to it
just like Slick got credit for riding the internet boom and no blame for dumping a recession in Bush’s lap and a collapsed equity markets like now
and Bush got no credit for the recovery, only the collapse
the media will destroy us more readily than Al Queada