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Home › Forums › Financial Markets/Economics › Did Peter Schiff predicted the DOW to be at 8000?

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  • October 11, 2008 at 12:09 AM #285792
    CA renter
    Participant

    LOL! Two days later!

    The declines have been rather breathtaking, no?

    October 11, 2008 at 9:30 AM #285559
    peterb
    Participant

    I guess we can all recalculate our DOW guesses now. 8000 was the resistance line on Friday. But I think this is looking more like a 5000 to 7000 market when it’s all said and done. The earnings season coming up is going to be a real heartbreaker and the unemployment figures will only solidify the logic that we’re headed into a depression. When that sinks into the market….look out below!! Over correction could take us into the 6000. I made a pile on puts last week. With this coming bounce I will be reloading for the xmas season. Oh, how I love this down turn!!!! Stevie Wonder coulda seen this one coming.

    October 11, 2008 at 9:30 AM #285850
    peterb
    Participant

    I guess we can all recalculate our DOW guesses now. 8000 was the resistance line on Friday. But I think this is looking more like a 5000 to 7000 market when it’s all said and done. The earnings season coming up is going to be a real heartbreaker and the unemployment figures will only solidify the logic that we’re headed into a depression. When that sinks into the market….look out below!! Over correction could take us into the 6000. I made a pile on puts last week. With this coming bounce I will be reloading for the xmas season. Oh, how I love this down turn!!!! Stevie Wonder coulda seen this one coming.

    October 11, 2008 at 9:30 AM #285871
    peterb
    Participant

    I guess we can all recalculate our DOW guesses now. 8000 was the resistance line on Friday. But I think this is looking more like a 5000 to 7000 market when it’s all said and done. The earnings season coming up is going to be a real heartbreaker and the unemployment figures will only solidify the logic that we’re headed into a depression. When that sinks into the market….look out below!! Over correction could take us into the 6000. I made a pile on puts last week. With this coming bounce I will be reloading for the xmas season. Oh, how I love this down turn!!!! Stevie Wonder coulda seen this one coming.

    October 11, 2008 at 9:30 AM #285894
    peterb
    Participant

    I guess we can all recalculate our DOW guesses now. 8000 was the resistance line on Friday. But I think this is looking more like a 5000 to 7000 market when it’s all said and done. The earnings season coming up is going to be a real heartbreaker and the unemployment figures will only solidify the logic that we’re headed into a depression. When that sinks into the market….look out below!! Over correction could take us into the 6000. I made a pile on puts last week. With this coming bounce I will be reloading for the xmas season. Oh, how I love this down turn!!!! Stevie Wonder coulda seen this one coming.

    October 11, 2008 at 9:30 AM #285902
    peterb
    Participant

    I guess we can all recalculate our DOW guesses now. 8000 was the resistance line on Friday. But I think this is looking more like a 5000 to 7000 market when it’s all said and done. The earnings season coming up is going to be a real heartbreaker and the unemployment figures will only solidify the logic that we’re headed into a depression. When that sinks into the market….look out below!! Over correction could take us into the 6000. I made a pile on puts last week. With this coming bounce I will be reloading for the xmas season. Oh, how I love this down turn!!!! Stevie Wonder coulda seen this one coming.

    October 11, 2008 at 5:11 PM #285803
    HereWeGo
    Participant

    I’m pretty sure he didn’t predict EEV to be pushing 200.

    October 11, 2008 at 5:11 PM #286095
    HereWeGo
    Participant

    I’m pretty sure he didn’t predict EEV to be pushing 200.

    October 11, 2008 at 5:11 PM #286116
    HereWeGo
    Participant

    I’m pretty sure he didn’t predict EEV to be pushing 200.

    October 11, 2008 at 5:11 PM #286139
    HereWeGo
    Participant

    I’m pretty sure he didn’t predict EEV to be pushing 200.

    October 11, 2008 at 5:11 PM #286147
    HereWeGo
    Participant

    I’m pretty sure he didn’t predict EEV to be pushing 200.

    October 11, 2008 at 7:04 PM #285893
    peterb
    Participant

    Schiff’s an ok guy, he did call bubble a while back. But he really blew it with his decoupling theory. And when he was called on it, he had such a lame answer I had laugh for at least 5 minutes. He’s pretty much a generalist at best.

    October 11, 2008 at 7:04 PM #286185
    peterb
    Participant

    Schiff’s an ok guy, he did call bubble a while back. But he really blew it with his decoupling theory. And when he was called on it, he had such a lame answer I had laugh for at least 5 minutes. He’s pretty much a generalist at best.

    October 11, 2008 at 7:04 PM #286206
    peterb
    Participant

    Schiff’s an ok guy, he did call bubble a while back. But he really blew it with his decoupling theory. And when he was called on it, he had such a lame answer I had laugh for at least 5 minutes. He’s pretty much a generalist at best.

    October 11, 2008 at 7:04 PM #286229
    peterb
    Participant

    Schiff’s an ok guy, he did call bubble a while back. But he really blew it with his decoupling theory. And when he was called on it, he had such a lame answer I had laugh for at least 5 minutes. He’s pretty much a generalist at best.

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