welcome to the slow crash
Oct. 9th, 2008 06:47 pmI think this stock market thing will bottom out at DJIA 6,700 and then rebound into the DJIA 8-9,000 range soon there after.
Things to watch:
The collapse of the Australian dollar.
The collapse of the Icelandic banking system.
German real estate.
Things to watch:
The collapse of the Australian dollar.
The collapse of the Icelandic banking system.
German real estate.
no subject
Date: 2008-10-09 11:05 pm (UTC)I would also keep an eye on the Euro which does not actually have any single regulatory/overseeing body that can make executive decisions on it, but rather depends on multiple countries agreeing on what to do about it.
Should be a fun ride. :-P