US Economy 2007 Q2 - Page 13 - Mercedes-Benz Forum

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post #121 of 123 (permalink) Old 09-29-2008, 05:59 PM Thread Starter
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I hope the Dow goes back to 600. "Hello...." says Mr. Carter...
I do think the sub 10K that we talked about earlier is very possible, maybe down to 8500-9000. But with 600, we would find a bunch of companies trying to figure out where their asset value went.

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post #122 of 123 (permalink) Old 09-29-2008, 06:15 PM
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Cramer is shooting for 8500. I am on a shopping spree because I really think this will blow away. This is not 1980 or 1987.
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post #123 of 123 (permalink) Old 09-29-2008, 06:46 PM Thread Starter
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Cramer is shooting for 8500. I am on a shopping spree because I really think this will blow away. This is not 1980 or 1987.
Cramer might be right on this. It depends on how quickly Congress gets their ass back to work. I read earlier that they would not reconvene until Thursday. That is a lot of Asia/Europe/US cycles to go through. I figure one day will pop again as folks try to grab deals but damn, it is going to be risky if the catchpin fails. I don't think this was the capitulation.

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