if Dow and S&P unwind like NazComp, gonna give it all back
I can see Dow going back to 4000 to rest
back to the 1994 level where it struggled all year long
that was a very memorable year for me
as for social chaos, I expect to see Break&Enter crimes on the rise
and perhaps summer homes of the wealthy being easy targets
not stealing from stores, but from wealthy homes
indiscriminantly, from honest and corrupt rich folks
maybe some arson burning bonfires
in England the poor squat in remote castles legally
we have no concept of a modernday depression
supermarket can get looted, some may close in tough 'hoods
item playtoys of the rich are at risk
not boats and airplanes, but rather VCR, DVD, TV, PC
the bandits will go after the alphabet tech items,
and FOOD
but the unforeseen risk is for muggings to become epidemic
just like in Argentina today
a wise man this spring said to watch Argentina disintegrate
that is what will happen to America
I think he was right, since far too many poor
and millions who were ripped off financially of their pensions and life savings
I would start with Robt Rubin's summer home in Hamptons
in my college days, I was an accomplished SecondStory man
for real, did it many times, almost always constructively
a few times for payback
/ jim |
