Quote:
Originally Posted by mcbear  Well, on Sept 30, 2002 the Dow was at 7500 so it is very possible for it to tumble another 25-30%.
Considering we have a much weaker dollar and much higher debt, both within the government and private markets, there are no strong foundations to insure that it won't slide. |
Here ya go again engaging in fear mongering and reading the tea leaves. Suffice to say, no one knows where the "Dow" will be in the future. The "Dow" does not exist except as a mathematical formula conjured by some financial "wizards".
How does a weaker dollar and higher govt debt make a strong company crumble ? That is the right question. Take Johnson and Johnson as a candidate. No bonus points.
P.S. Just note that JNJ barely budged today.
