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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.15+0.8%4:00 PM EST

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To: TobagoJack who wrote (40663)10/6/2008 12:19:44 AM
From: prosperous  Read Replies (1) of 218038
 
TJ
History shows that it takes 2-2.5 years for the markets to bottom from significant tops before things start to look up. For example: Japan in 1990, 2000, and now 2007 top, also we can look at Dow/S&P/NASDAQ in 2000 and current 2007 top. For the 2007 top we are about 1 year away from the top so I would say we need to give another year (October 2009) for the market to bottom out, buying long positions now is like buying in 2001, with half or more of the decline still left to go.

This feels like the weather channel has issued warning on two back to back category 5 financial hurricanes headed straight at me with adequate warning (credit+housing, and hedge fund meltdown); have started driving away, the question now is does one of these hit or am I far away enough when they hit that they just dump 20 inches of rain on me; don't think there is easy way to stay dry in the global synchronous asset price meltdown, government monkey-tricks to help me with various way of keeping me dry not withstanding
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