[After the Dow rallies to 8000 in the next 20 days, these numbers will improve for Obama.]
I’ve expected a dead cat bounce for a while. But Dow to 6000 by end of summer. There is just no there, there.
posted on 03/14/2009 11:31:39 PM PDT
(I am intolerant of the intolerable.)
My guess is that last week was a Bear Market rally of sorts but none of the fundamental problems have been solved nor has the bad debt been expunged from the system.
Unless the Obama Admin. faces this and addresses these problems the Dow will hit 5000 with a SPX of 400 or lower.
I agree. Gas prices will increase to $4 a gallon in the summer, as usual for the past coupla years. People will stop driving, stop luxury spending and it just goes downhill from there. I think an immediate offshore drilling and lowering the federal gas tax would have an immediate effect in people relaxing their minds and wallets.
posted on 03/15/2009 3:34:43 AM PDT
(The last experience of the sinner is the horrible enslavement of the freedom he desired. -C.S. Lewis)
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