The economy will recover on Thursday.

[Kasz216]

akuma587 said:

TheRealMafoo said:

akuma587 said:
Well, at least the DOW has gotten out of the 6000's. I predict that the bottom we recently hit was the lowest we will see the DOW go in the foreseeable future. This is because the financial system doesn't seem to be as bad off as most people thought, or at least will be able to recover quicker than most people thought.

It was looking pretty grim there for awhile.

 

I say in the next few months, we will see the DOW lower then it has been. This local min is just that... local.

What is your argument to that effect?  I don't really see anything in the foreseeable future that will cause the stock market to go belly-up.  You can say that a large deficit in Washington will do it, but there isn't a lot of historical evidence that Wall Street worries about the country running deficits.

 

Well Switzerland is in some serious financial trouble. 

If Switzerland goes bankrupt... that could cause a whole shockwave of new problems.

I mean, the Swiss government doesn't have the money to bail out swiss banks if they need to.  Their two biggest banks balance sheets are like over 10 times larger then the countries GDP.