Quote:
Originally Posted by Slava
Well when you go out and predict that the market will hit 7500-7700 and we currently sit around 7600, I suppose I have my reasons/bias!
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Its funny how I am always wrong in whatever I say, then what I say happens, and then you say that is what you said would happen.
Wouldn't it just be easier to agree with me in the first place?
I think nationalization of the banks is starting to be more fully priced into the markets but the collapse of the industrial base (in GM and Chrysler already being effectivily insolvant and Ford right behind them) is not (Collapse of one of the two sectors is priced in, but I don't think the markets want to contemplate the collapse of both at the same time). When America's entire economic output is basically tied to an admittedly large service industry, a hit and miss tech industry and a decently large tourism industry where does that leave the DOW? Below 6800 that is for sure.
Currency is still where the big movements are going to take place IMO though. In 10 years it will be the massive revaluation in world currency(s) (or the lack thereof, with Japan style flatlining) that will be the big story in terms of who came out of it all with cash and who did not.
Claeren.