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Politics : PRESIDENT GEORGE W. BUSH
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To: E. T. who wrote (350465)1/30/2003 4:37:24 PM
From: sea_biscuit  Read Replies (1) of 769670
 
I think it will probably go as low as 6500 this year. But we are still in the beginning of a secular bear-market and it will play itself out on its terms -- not on ours.

In the longer run, I think we will see Dow at 3600, SPX at 300 and the Naz at 300 as well. It will take time though. And it won't be a straight-line down.

Phony earnings numbers and on top of that, nosebleed valuations based on those phony numbers! What else can we expect in its aftermath?
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