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Then when Trump and DeSantis win the 2024 election, the Dow will immediately go to 100,000.
If it goes to 100...sorry to say, but there will be no more elections, and the world we know will end, the US will be like a scene from the Walking dead, (without the zombies), but the living will be much more dangerous then!
If the market crashes in modern times, there will be no coming back, everything is hanging on by a thread as is. tipped over the edge, it would never recover.
The Dow, I dunno. Maybe not as far as you would think since a lot of military hardware and heavy machinery is manufactured by companies listed on The Dow.
Nasdaq will probably fall relatively further than The Dow because Nasdaq companies tend to be smaller, with more debt, and with less well developed markets.
Nasdaq is at 11,000. It may go to 7500 over the next few months. That's my bet.
Jobs are still plentiful, and demand for goods and services is still very strong.
This is true here, in Europe, and with our trading partners in Asia.
I expect there will be a dip as this is a good time for taking profits, but the market won't crash at all. I can't say how long the profit taking will last, so it's possible the market will stabilize at a lower level than it is now.
I'm sure shortages, especially in food, will be everyone's biggest problem this year, so the commodities market will be high all year and bounce around a lot more than normal.
All the manufacturers of processed foods are going to have the worst time of it, along with some big industries. The prices are likely to rise, but the stock market will stay pretty healthy, as it will profit from every rise and fall.
Jobs are still plentiful, and demand for goods and services is still very strong.
This is true here, in Europe, and with our trading partners in Asia.
I expect there will be a dip as this is a good time for taking profits, but the market won't crash at all. I can't say how long the profit taking will last, so it's possible the market will stabilize at a lower level than it is now.
I'm sure shortages, especially in food, will be everyone's biggest problem this year, so the commodities market will be high all year and bounce around a lot more than normal.
All the manufacturers of processed foods are going to have the worst time of it, along with some big industries. The prices are likely to rise, but the stock market will stay pretty healthy, as it will profit from every rise and fall.
I agree; this is a doom porn thread.
Look at interest rates, (since 9-11-01)!!
Is there any other time thru out history when rates have remained so low for so long?!
We are hanging on by a freaking thread for the last 15-20 yrs, the govt has been doing all it can to put that bad day off as long as possible, but that cannot continue forever.
Is there any other time thru out history when rates have remained so low for so long?!
We are hanging on by a freaking thread for the last 15-20 yrs, the govt has been doing all it can to put that bad day off as long as possible, but that cannot continue forever.
All I know is money is still circulating very well, so someone must be making money from the low interest.
We're beseiged by so many different problems- a stubborn pandemic, a major war in Europe, and a sundry of problems that come from a divided democracy, I"m not sure looking backward to history is going to inform us much of anything about the near future.
There's plenty of stuff for some folks to holler "The sky is falling!" for sure.
I think that this current drop in the stock market is a very good time to buy some stock at a bargain.
So I'll watch out, and I'll believe the sky is falling when a piece of it actually lands as evidence.
The gloomy gonna feel doomy. I'm not gloomy. Believe as you will.
I voted for 22,000 but I think it will be between 22,000 and 26,000...maybe around 25,000ish?
I've had a feeling this was going to happen. Currently I'm resisting the urge of taking more cash out of my accounts to put away in my safe. I have to make sure my kids are taken care of.
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