looks like another 500 point down day is headed our way.
someone asked me a few months ago on these boards, what i thought was a fair dow price considering a 6000 low and a 14000 high........i said that it seems that since both were extremes at both end of the scales, that 10000 seemed to be what a fair price would be for the dow.
He as much as said so during the last meeting, he just needed an excuse and got a couple with the downgrade and stocks plunging world wide. With the debt ceiling rise, the room is there for the Treasury and Fed to print mo money mo money mo money. As discussed several times but not near enough is the black Derivatives just waiting to implode which will send the banks to hell if that should happen.
there has to be a qe-3..........how else does our economy not go into a depression? we have been in recession for 4 years now, and the only thing stopping us from going into a depression, was all the gov't stimulus......
how do i know this?
it took one month of no stimulus for our economy to start the downward path to the big D!
Last Edit: Aug 10, 2011 15:25:11 GMT -5 by maui1 - Back to Top