Read my other blog on International Relations cataloging my graduate work.
From Instapundit:
CONSTANT-DOLLAR DOW: Today’s 10,000 is really 7,537. Or, in another metric: “It cost about 30 ounces to buy the 10,000 Dow last time. Now it costs less than 10.”
And here’s an interesting Bloomberg screen cap of the Dow over CPI –
(Link du jour Prasenjeet)
This happened earlier in the month, when the markets were sorta bullish.
Me: Bloody markets are up.
Friend: Yeah, don’t know why. Freaking annoying.
Of course, this was long before the current carnage.
This day, last year, people were predicting the DJIA to hit 20,000.
Now I think we’d be lucky if we did not go into the 6,000s.
And ladies and gentlemen, we are there. My predictions? We are likely to hit the low 8,000s; however, if we ever go below 8000, the chances of going below the 2002 low of 7784 is unlikely.
And if it does, I’m moving to a farm in Bhutan.
How long until DJIA goes below the 10,000 mark?
After hours trading is killing the market. I predict that immaterial of what happens, within the next few days, a few regional banks will either go down or get bought.
My eye is on National City and Fifth Third. Let us see.
Update: Turns out that I am not alone, not after a 52% fall.
RSS 2.0
Add to Technorati
Save to Del.icio.us
Take it back
