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How low will it go?
Mike
Mike
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Re: Dow almost 7,000 begs the question.....
Until the transfer of wealth is completed. -
Re: Dow almost 7,000 begs the question.....
Transfar where Don?
You know our host (EJ) is "Missing"......Is he aleady down the FERAM camp?
MikeComment
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Re: Dow almost 7,000 begs the question.....
Most people with a pension plan in America are now assuming the position. Bend over and grab hold of the back of your knees, legs akimbo. You wouldn't think most seniors could pull off this stunt but lo and behold, they're kissing their ass goodbye by the millions. It is perhaps the biggest transfer of wealth in the last 100 years, Mega my Man.Originally posted by Mega View PostComment
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Re: Dow almost 7,000 begs the question.....
I'm proud of the stock market for flipping the bird at the crap that passes for reform in the Obama admin...meet the new boss, same as the old boss. It's the only thing that's telling the truth.Comment
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Re: Dow almost 7,000 begs the question.....
You know Don
Because i am such a mis-fit, i NEVER had a penson...i was always layed off, i went from small time job to small time job. Then i started the Engineering company & i deiced that banks etc where pure Evil.
So i just saved the money.............got Gold/Silver/Schiffs.........Looks like by acceident i happened to the right course.
My main worry now is what will a totally bankupt British goverment do?
Tax
Tax
Tax
MikeComment
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Re: Dow almost 7,000 begs the question.....
My friend is hopping ship, moving to the USA in April, but not because he is trying to avoid the crisis. He simply doesn't like Britain!Originally posted by Mega View PostComment
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Re: Dow almost 7,000 begs the question.....
Originally posted by Mega View Post
I don't have one either, been self-employed for 30 years with all its ups and down. Still a believer in the Henry Ford approach. People have to get a big enough share of what they've created to keep the merry go round turning. Of course here they've abandoned the bloody merry ;)
It's a target rich environment, eh:
February 23, 2009
Record Price for Matisse at Auction
By THE ASSOCIATED PRESS Filed at 4:19 p.m. ET
PARIS (AP) -- Christie's auction house says a Henri Matisse oil painting has sold at auction for euro32.1 million ($41.1 million), a record price for a work by the celebrated French artist.
The sale came at a three-day Paris auction of art from the estate of late French fashion icon Yves Saint Laurent that some have called ''the sale of the century.''
The buyer was not immediately identified.
February 23, 2009, 3:08 Met Museum to Close Shops, Freeze Hiring
In response to the global economic crisis, James R. Houghton, chairman of the board of the Metropolitan Museum of Art, posted a letter on the institution’s Web site on Friday announcing that the Met had decided to close 15 of its satellite shops around the country and freeze hiring for now. Layoffs would be next.Comment
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Re: Dow almost 7,000 begs the question.....
Yes, i noticed that the "WHORE" index is falling fast. The "Honeys" were able to DEMAND £1200 for a sleep over. None of them were what you would think of as super models...
Now the price has crashed, £400 ish (They haggle) & they choice has improved big time..................Not that i am in to that sort of thing .
MikeComment
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Re: Dow almost 7,000 begs the question.....
Besides tax? How about prep for the "Summer of Rage."My main worry now is what will a totally bankupt British goverment do?
Britain faces summer of rage - police
Middle-class anger at economic crisis could erupt into violence on streetsComment
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Re: Dow almost 7,000 begs the question.....
Yes, been watching this devolpe for awhile now. I sense that April will be the "Time" it all blows!
MikeComment
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Re: Dow almost 7,000 begs the question.....
Yes, methinks it will be the Summer of Rage in many places this year, and, quite possibly as you point out, the Spring of Rage.Yes, been watching this devolpe for awhile now. I sense that April will be the "Time" it all blows!
Eastern Europe as well, for many reasons.Comment
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Re: Dow almost 7,000 begs the question.....
Most analysts seem to be expecting S&P 500 earnings for 2009 to be around $70 to $80. They are still assuming a rebound mid-year, which isn't going to materialize.
Actual S&P 500 earnings this year are likely to be around $50, or even less if the global implosion gets worse. Historically, a "fair value" P/E has typically been 7:1. Assuming an over-correction to 6:1, that would be 300 for the S&P index. If earnings collapse further, it could be 250 or less. That's about 33% of today's close.
Applying the same percentage decline to the Dow would bring it to about 2400.Comment
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Re: Dow almost 7,000 begs the question.....
In what will it explode, and where do you think it will explode?Originally posted by Mega View PostComment
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Re: Dow almost 7,000 begs the question.....
Most iTulipers are already on safe ground enjoying the crash of worldwide stock markets; it makes for nice fireworks.Originally posted by Sharky View Post
I hope it goes to Zero and that the system reset with sound money/system.Comment
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