Quote:
Originally Posted by CroFlames
So have we seen the bottom?
|
I personally think we're at the beginning of a reckoning in North American (world really) working and spending and anyone looking for a near future bottom is playing a fools game.
With the massive death totals coming to America and the inability to crawl back into a regular functioning society because of that death, we will likely see a 5-10 year crawl back to what we knew as American consumerism, if it ever comes back at all.
What I predict is a massive drop (which we've already seen) followed by a bunch of little drops that keep the market slowly sliding to points people thought it could never drop to (while waiting for it explode up) and then eventually the stock market will be known as this thing that people used to make money on.