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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (361627)12/6/2007 4:46:46 PM
From: tejek  Read Replies (1) of 1574267
 
You think DJIA 13,506 is a "bottom"? I think it's guys like you that are propping it up! But, another of you is lost every minute.

Both the Naz and the Dow are above their 50 DMA. Technically, that's an important move. Secondly, the markets are finally albeit slowly getting their arms around the subprime debacle.

Had it not been for the subprime mess, we would not even be worrying about a recession. The rest of the world is still booming. Europe has slowed only a bit even with the US housing market in the toilet. So long as the contagion doesn't spread to the rest of the world, and I think it would have by now, we should wobble our way through 2008. My next big worry is getting past the Olympics next summer and what that does to the Chinese economic juggernaut. Like I said, you might want to start picking up some stocks.
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