welcome to the slow crash

[rm]

I 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.

Comments

[rm.livejournal.com]

Okay if you're really hellbent, invest in mining company stocks that focus on gold. Gold is a refuge in times like these, eventhough gold prices have been coming down. The global recession means that India won't buy as much jewlery but those stocks should at least be stable.

Also, coal.

Wait a couple of weeks and see if the GE news stabilizes -- might be a good time to get in there low.