by Rubin_Flagg » Mon 06 Oct 2008, 20:08:51
$this->bbcode_second_pass_quote('TreebeardsUncle', 'I') think we are getting close to a bottom in the US stock market.
Am not sure exactly what it will be but figure it will dip into the 9000s, probably around 9700 by the end of the month and by Christmas we should be well over the lows. Doubt if it will go into the 8000s. Why? Because most of the problems are known, acknowledge, and priced in now. They are no longer being ignored or denied. Folks, if anything, are now excessively fearful and bearish which is an indicator it should soon be a good time to buy.After all, all this fuss is do to housing prices being bid up too high in the 2000s, and now they need to come down.
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I think your wrong. This crisis has made it clear that no one has any idea what the hell is going on. In addition, there is no real understanding of who has what on the books and where the real value lies.
Trust is gone....it is not coming back for a while. Your smoking some really good shit if you think the bottom will be in by x-mas...BTW can I have some.
The entire global system is melting down....
Next stop 9000 or below by friday.