TheRealMafoo said:
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.
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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.
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Inflation is about to rise at levels never seen before in the US. We have injected an insane amount of new money into the economy.
Spending is one thing, printing up trillions of dollars and just dumping it into the economy is another. As inflation rises, companies will fall. For the market to rise, companies have to do well. For the market to drop, they have to do bad. Soon, more banks will fall, GM might fall, some major corporation we are not even thinking about will go into bankruptcy (or 100 of them).
When that happens, the market will fall again. We are decades away from getting out of this, not years. This great depression has just started.
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and the new Revolution has only begun. Amen to modern-day Common Sense, Mafoo.
