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]

We've already blown by the 9K barrier, and may blow the 8K today because sentiment it wack. The weekend should calm everyone down, but mid-next week this shit will probably start up again because of any one of like ten different things that are brewing, and which point people will flip and we'll blow the 7K. At that point every idiot in the world will get back into the market _cautiously_ and we'll power back up to about 8700 by mid-November.

[wcg.livejournal.com]

I hope you're right that going below 7000 will inspire people to get back in. It's been brutal lately.