HOLY SMOKES : Did i read this right? Dow below 10,000 S&P;1,100 Nasdaq 1500. Is this possible by October?

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[quote author="blackvault_cm" date=1228543321][quote author="PANDA" date=1228542246]DOW UP 260 points to 8635 with a 533,000 job loss report...



Ba Ba Ba BOOOYAAA!!!! from Panda. DOW is going to 9200 - 9600 by December 31st, 2008. Mr. Bernanke, Please keep that printing press rolling.</blockquote>


So in your view, will never hit 8500 again. Am I right? Meaning the bottom has come and gone. Now we go up?</blockquote>


Blackvault, long term i can see DOW getting down to 4,000 - 6000 between 2011 - 2013. My plan is to unload both of my real estate by 2009 - 2010, and start buying like crazy in Irvine between 2011 - 2013. I see a short term dead cat bounce rally where 7500 was our short-term bottom. I can also see the real estate sales picking up first quarter 2009 and prolonging the decline by government intervention and low mortgage rates. I think that the DOW is going to rally into 2009, but will not rally above the our last 14,000 DOW high. Long term, the depression that I see that is going to hit our country seems to be very very serious.



Just remember my PK friend, between 2011 - 2013.... Cash is KING.... Gold is GOD.
 
[quote author="PANDA" date=1228544422][quote author="blackvault_cm" date=1228543321][quote author="PANDA" date=1228542246]DOW UP 260 points to 8635 with a 533,000 job loss report...



Ba Ba Ba BOOOYAAA!!!! from Panda. DOW is going to 9200 - 9600 by December 31st, 2008. Mr. Bernanke, Please keep that printing press rolling.</blockquote>


So in your view, will never hit 8500 again. Am I right? Meaning the bottom has come and gone. Now we go up?</blockquote>


Blackvault, long term i can see DOW getting down to 4,000 - 6000 between 2011 - 2013. My plan is to unload both of my real estate by 2009 - 2010, and start buying like crazy in Irvine between 2011 - 2013. I see a short term dead cat bounce rally where 7500 was our short-term bottom. I can also see the real estate sales picking up first quarter 2009 and prolonging the decline by government intervention and low mortgage rates. I think that the DOW is going to rally into 2009, but will not rally above the our last 14,000 DOW high. Long term, the depression that I see that is going to hit our country seems to be very very serious.



Just remember my PK friend, between 2011 - 2013.... Cash is KING.... Gold is GOD.</blockquote>


In that case I agree with you. Most severe bear sessions are followed by a rally. Not a week long rally either, couple of months or so then followed by another bear market.

When I said DOW is going lower, I was talking about long term...short term..I have no clue...we will probably bounce around.



Wait...I jdon't agree with your last statement. Cash and Gold can't rule at the same time. Cash is king during deflationary situations, while gold is not. Gold is king during inflationary times and cash isn't. So if you are wanting to convert to homes and gold during 2011-2013, then you better start buying in 2010.
 
[quote author="blackvault_cm" date=1228549458][quote author="PANDA" date=1228544422][quote author="blackvault_cm" date=1228543321][quote author="PANDA" date=1228542246]DOW UP 260 points to 8635 with a 533,000 job loss report...



Ba Ba Ba BOOOYAAA!!!! from Panda. DOW is going to 9200 - 9600 by December 31st, 2008. Mr. Bernanke, Please keep that printing press rolling.</blockquote>


So in your view, will never hit 8500 again. Am I right? Meaning the bottom has come and gone. Now we go up?</blockquote>


Blackvault, long term i can see DOW getting down to 4,000 - 6000 between 2011 - 2013. My plan is to unload both of my real estate by 2009 - 2010, and start buying like crazy in Irvine between 2011 - 2013. I see a short term dead cat bounce rally where 7500 was our short-term bottom. I can also see the real estate sales picking up first quarter 2009 and prolonging the decline by government intervention and low mortgage rates. I think that the DOW is going to rally into 2009, but will not rally above the our last 14,000 DOW high. Long term, the depression that I see that is going to hit our country seems to be very very serious.



Just remember my PK friend, between 2011 - 2013.... Cash is KING.... Gold is GOD.</blockquote>


In that case I agree with you. Most severe bear sessions are followed by a rally. Not a week long rally either, couple of months or so then followed by another bear market.

When I said DOW is going lower, I was talking about long term...short term..I have no clue...we will probably bounce around.



Wait...I jdon't agree with your last statement. Cash and Gold can't rule at the same time. Cash is king during deflationary situations, while gold is not. Gold is king during inflationary times and cash isn't. So if you are wanting to convert to homes and gold during 2011-2013, then you better start buying in 2010.</blockquote>


BV,



I believe that Gold did very well during the deflationary times of the Great Depression 1930s. It really depends on what people consider as money. Currently it still seems that the majority still does not view Gold as money.
 
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