Headlines
DOW Triple Bottom?
- Thread starter masher44
- Start date
fund razor
Founding Member
That's a change that I didn't want to believe in.
masher44
E Dock
I do not see a contraction to 5000. At least I sure as hell hope not. I find it hard to believe there is even a hint of the market being worth 35% of what is was only one year ago. Hit 7775 three times now.... Any significant news doesnt seem to affect it either way now.... seems to have a mind of its own
Obviously not an expert but DAMN! :leaving:
Obviously not an expert but DAMN! :leaving:
DollaBill
New member
I think think all three file, Ford comes out ahead, GM comes out but as a completely diff organiztion from what we know it as today and Chrysler is GONE. I think we'll see the filings within 2 weeks.
As far as the market being worth 35% of what it was a year ago........ It wasn't worth the valuation then. Thats what got us here to start with. A 14K dow was over-valued by 5K at that point. The next 5 years will be sobering (not a word Fund)
As far as the market being worth 35% of what it was a year ago........ It wasn't worth the valuation then. Thats what got us here to start with. A 14K dow was over-valued by 5K at that point. The next 5 years will be sobering (not a word Fund)
fund razor
Founding Member
You are killing me here, Bill.
Well, that's just it...world indexes weren't worth nearly what they were being touted at. I don't think it's unrealistic at all to expect to see us back where we were 10, maybe 12 years ago, when all this real estate shadiness began. Couple that with the industrial breakdown situation we see today, and OUCH. I'm betting on a retraction to late-90s levels, before the Clintons said everyone deserves a home, so give 'em loans they can't afford.
We're going to correct to somewhere around here, I think:
Attachments
masher44
E Dock
I can see your grease ball azz in a Viper all day long.....
Tom A.
Charter Member
GM has its fingers in more things than those two combined so they have more "fluff" and will be able to regroup and go on, Ford and Chrysler may not be so able.
Sea-Dated
Charter Member
Chrysler has Diamler backing them so they will be OK. GM is going to have to do a 180 and come out another company. Ford will file, get rid of the union contracts and be OK.
I still think the bottom is only going to be around 7250.
masher44
E Dock
I think you are not factoring in the Tech Industry. The Tech industry created billions of jobs and industry all over the globe. there has to be some value factored into your 6000 number that reflect a major industry that didnt exist for the most part prior. I am not an expert but that was an industry that didnt really exist until the 90s and it has to be factored in as a new sustainable industry. We have already seen that self destruct and we recovered to a somewhat normal level.
masher44
E Dock
You texted me this morning and said 7250 you pinko :boxing_smiley:
Similar threads
