Could the DJIA dip into the 4000's?
February 11, 2009 8:45am CST
Yes, it is true. At least one other market analysist now believes the DJIA could descend even further. 4000 is now possible on the DJIA. Here's one expert's opinion and reasoning. http://market-ticker.denninger.net/archives/786-The-Final-Countdown.html I say that if 0bama thinks he can bamboozle the folks who each manage millions and as a consequence, move the market, he needs to think again. The general public is much easier to fool than professional money managers. 0bama needs to quit appointing crooks and tax cheats to his administration and start putting them in jail instead. That would be a start. It would help. What do you say?
• United States
11 Feb 09
I think Obama has lost his credibility with Wall Street. He sure has lost it with most of the public, I think, or at least with me! He is not presidential material, and that's being nice. You can't jam things down people's throat the way he's trying to do with the 'stimulus' package with all it's pork. He's lied so much about that it's not funny. As you said, some of the general public believes what they hear because they want to believe he is indeed their 'messiah' out of the hole. But he's putting them deeper in the hole. If he had any ability to govern, he'd oust his new money manager - he's a crook just as those others that didn't pay their taxes. What can you expect with all the lies of change and then what he has done the few weeks he's been in power? I think the market will keep going down.
• United States
16 Feb 09
Surprising to some would be that eventually the stock market is going to go UP quite a bit. Don't get excited about, though. When the markets do start going UP in a few years it will be the result of the terrible increase in the money supply and the resulting inflation. Even stocks go UP in inflationary times. Thank 0bama, the Democrats, and the stimulus package.