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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (159978)10/25/2008 12:46:12 PM
From: TommasoRead Replies (3) of 306849
 
>>>Dow will definitely be in the 6000's or lower before we're done. <<<

You may be right but I am completely out of my bear funds. There is too much money floating around and too many idiots able to do things with it.

Also, I thought ten years ago that the Dow ought to drop to 4,000. I figure ten years later, 8,000 is a reasonable level. But just because it's a reasonable level does not mean that it can't go lower to an unreasonable level. So I am not going to be surprised if we do see it at 6,000. Depending on what I have at that point, I might start going long on closed-end funds selling at a discount. If it drops to 5,000 I will add more on margin. Or so I think.
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