Markets sure do love a depression

[HJ99]

Its far too soon to know what is going to happen. If you look at the market in 1930s it had its runs and such. All of which turned out to be wishful thinking. We all will know much better year from now or even two years from now. Guessing at this point pretty sure to lose you money. Unless you are a very good and experienced day trader going for very short term gains.

[Tusco]

It could still be short lasting like the Forgotten Depression of 1920.

[lieqiang]

Originally Posted by bawac34618

Given the current economic environment and the outlook, the DOW needs to be at about 6-7k before we can think about calling a bottom.

Why?

You believe the sentiment on value/future of the US economy will be 20-25% of what it was earlier this year? You might be right (I have no idea) but curious if there is a method to how you arrived at 6-7k or did you just pick a number that sounded appropriately low and scary.

[redguard57]

I would estimate DJIA 15-16k as the lowest it may go. That would bring it back to 2015 levels.

That said, the Fed and gov't will do anything not to let that happen. We may have already seen the bottom.

[2011KTM530]

With all this stimulus and deficit spending to keep the 1% from going broke, somethings got to give. I’m predicting that it will be Social Security and Medicare that will take the hit. Most likely raise the age to qualify and means testing. And for sure that means testing bar will be set very low. Maybe even an asset test, of course lots of loopholes for the very rich. Basically the little people who are middle class will take the hit since they are the vast bulk of tax payers. You get the government you elect.