I remember seeing a video of Peter Schiff discussing about this on youtube but couldn't find it again. Of course, I didn't think it could happen but now it seems like it might get under 8000 soon.
So far, this guy has been right on target, along with the guys over at Elliot Wave and Minyanville. I don't think we're through the woods yet, I expect we'll reach and breach 8,000 before the end of next week.
Submitted by lonestar2000 on October 9, 2008 - 12:44pm.
Holy thunder lizards! The DOW just hit 8,789! I think Bill Bonner is right, we're headed to 5,000 and fast!
Rumour has it that a lot of people are just now opening their quarterly 401(k) statements and dropping in their chairs out of shock. They are then getting on the phone and getting out of their mutual funds in droves.
Is this catipulation? If this isn't it, we're very very close. And that means, if your'e on the sidelines, it is about time to hit that big trade button and jump back in with both feet.
I've saved over $15,000 over the past couple of weeks by sitting out of the stocks since the DOW was at 11,000. I'm just itching to get back in and ride the wave back up.
Bill Bonner of The Daily Reckoning puts it closer to 5,000:
http://www.dailyreckoning.com/Issues/200...
So far, this guy has been right on target, along with the guys over at Elliot Wave and Minyanville. I don't think we're through the woods yet, I expect we'll reach and breach 8,000 before the end of next week.
Holy thunder lizards! The DOW just hit 8,789! I think Bill Bonner is right, we're headed to 5,000 and fast!
Rumour has it that a lot of people are just now opening their quarterly 401(k) statements and dropping in their chairs out of shock. They are then getting on the phone and getting out of their mutual funds in droves.
Is this catipulation? If this isn't it, we're very very close. And that means, if your'e on the sidelines, it is about time to hit that big trade button and jump back in with both feet.
I've saved over $15,000 over the past couple of weeks by sitting out of the stocks since the DOW was at 11,000. I'm just itching to get back in and ride the wave back up.
Bring the pain. I thought this would happen in Decemeber, wow.