Dow under 10K, NAS soon to be under 3K. These markets are toast!! The equity markets are drying up for new investment, and any tech companies that aren't self supporting (profitable) are going to go bankrupt, which is going to drag down the profitable techs too. Here in techie Austin, there are going to be a lot of people out of work, which means they'll move somewhere else to find work. This will kill the real estate market, which will in turn cause some banks to collapse. I'm putting my house on the market today, because prices are going to crash and it will be cheaper to rent. I'll put my money in T bills, and hope that the goofy schemes Gore and Bush are proposing don't screw that up too. It's going to be at least ten years before the markets are safe again, and then we'll be looking for 10% a year, not 40%. I'm capitulating today, right now, never looking back.
OT - Rande, I sincerely hope the only thing that matters brings you immense joy tomorrow. Good luck. |
