The Single Best Investment EVER



It is those “Dow 10,000” hats CNBC got for all the on air anchors way back in 1999. They sure got a whole lot of use out of them.

The Dow is 9,868 as I type this.

GE breaks syndicate price of $22.20 secondary, and its now off by a full 10% — at $19.95.


Dow Industrials, 10 Years


Chart courtesy of FusionIQ, Bloomberg


As to forecasting forward from here, there are simply too many unknowns and moving parts to say anything with a high degree of confidence.  A lot depends upon the govt response to the credit crisis, to the recession, and other elements

We could theoretically find support between 9,500-9800, or we could see the bottom drop out any day now

With the VIX now over 50 — the Dow is now off 30% In one year — I would imagine we are closer to the bottom than to the top.



Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under