Dow back over 8000 (user search)
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  Dow back over 8000 (search mode)
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Author Topic: Dow back over 8000  (Read 7111 times)
Mint
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Posts: 4,566
« on: April 02, 2009, 02:52:23 PM »

OTOH, some other news/articles have come across the wires today that makes me think that a total economic collapse is even more likely to occur down the line (among the mess of options available).  Guess it's time to start preparing as such.
I've agreed with all your analysis thus far so...

What would you say the window is for withdrawing from the system totally?
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Mint
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Posts: 4,566
« Reply #1 on: April 10, 2009, 06:43:09 PM »

Anyone that thinks the Dow will go below 5,000 doesnt get it.

Anyone who thinks this is anything other than a bear market rally doesn't get it.

While devaluation to that extent may not occur, the reality is the banks just don't have any money right now. That's why the government refuses to actually elaborate on these so called 'stress' tests and why they keep letting the banks 're-adjust' the value of assets way above what the market will actually pay for them. Unless there's serious re-financing of the banks and/or liquidation of useless assets I don't see the recession ending any time soon.
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