[quote=kev374]which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.
If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.[/quote]
Tuesday, October 14th. Two days from now. I can see it happening as these things usually overshoot (to the upside during a bubble and to the downside during the ensuing crash).
If you check the Yahoo! chart for the Dow Jones Industrial Average it was at 343 on July 1, 1929 and bottomed out at 42 on April 1, 1932. That’s a decine of 87% in less than 3 years. The U.S. has just gone through the biggest credit bubble in history and the DOW hasn’t even dropped 50% yet. An 87% drop would put us at ~ DOW 1800. Who’s to say that we won’t see another 90% drop in the DOW given how big the bubble was?
