Heard a little piece of interesting info from a very reliable but not personally known source and wanted to hear your thoughts! Scenario 1. The dow will make a trip on its way down to the 5500 range and then sharply start gaining day after day? Scenario 2. If the dow breaks through the 5500 level it will spiral all the way down to 3200 before we hit bottom. Personally with losing nearly 80% of all market value since the last highs I think we are hitting bottom and that 20% is what's left in 401k, MF's, Pensions ect..... What do you guys think? What do you guy's think?
I could be wrong, but in the short-term as foll's I think: http://marketaberration.blogspot.com/2009/04/mini-dow-projection-from-2009-04-09.html [image]http://2.bp.blogspot.com/_6GH-M4lnwZk/Sd5PojIryiI/AAAAAAAAABM/0f9lPzYyi3I/s1600-h/blog.gif[/image]
that seems an oxymoron - very reliable but you do not know him... the truth is, his guess is only a guess, and no more valuable than a guess