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Politics : Welcome to Slider's Dugout

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From: RonMerks	8/15/2007 5:14:17 PM
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How about a DOW 12,600 bottom? That's a 10% correction. So where does the DOW bottom? What say you? The Dow has basically moved in 2,000 point rallies and then corrected 1,000 points (50%) and then rallied another 2,000 points. We've had our 1,000 point correction, but given the needed washout of subprime- I think 10% is warranted. This chart still don't look too bad! I think the damn DOW runs straight to 15k when this is over. The dust settles in September. Then the Fed cuts rates in October. And it's off to the races for the 2008 election pump job. Ron

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