Is Today the Day of the Crash ?? (money, stock market, invest)
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It may not happen today (or next week or next month), but I think we need to get the Dow into the 7,000 range and the S&P under 800, then the market will have a floor to rebound from with capitulation. It could go lower, but our recent low was not the low we will see.
The home price bubble has now burst and the oil price bubble is now bursting - this needed to happen. However, we still face a lot of problems overcoming the housing bubble. The good news is that there are no more bubbles that need to burst. With the exception of a terrorist attack it will probably be a good time to "start" getting back into the market when the DOW gets somewhere in the 7,000 - 8,000 range. I don't see it getting lower than that...and probably no lower than 7,500. That's my guess..............
It may not happen today (or next week or next month), but I think we need to get the Dow into the 7,000 range and the S&P under 800, then the market will have a floor to rebound from with capitulation. It could go lower, but our recent low was not the low we will see.
The home price bubble has now burst and the oil price bubble is now bursting - this needed to happen. However, we still face a lot of problems overcoming the housing bubble. The good news is that there are no more bubbles that need to burst. With the exception of a terrorist attack it will probably be a good time to "start" getting back into the market when the DOW gets somewhere in the 7,000 - 8,000 range. I don't see it getting lower than that...and probably no lower than 7,500. That's my guess..............
I suggest you read up on the current bond market bubble -- the mother of all bubbles...
We climbed pretty high. There is still a long way to drop. Eventually prices will drop below the actual value and then they will rebound with all the speculation wrung out of the market. Then will be a good time to invest.
Don't count on a crash. This market is like constant replays of Glenn Close in the final bathtub scene of Fatal Attraction. Eyes frozen dead and she pops up with a raging scream to stab us in the back. Just get this thing over with already...
This is a slow crash, not a fast crash. Even the Great Depression didn't crash in one market day..it took time to really crash.
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