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Is this the bottom :-)
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2008 Oct 12, 11:45pm 18,650 views 193 comments
by SP ➕follow (0) 💰tip ignore
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Just a quick note to say thanks for using my 'fat bottom' picture although you might have asked me first. Let me know if anyone would like a print. Oh and I think the seat could well buckle under this greed ridden bloated artificial economy. http://jane.classycoolmusic.com/art2.htm
Janni please accept my apologies for linking to the image without permission - I just happened to find it on google-images. You have a very good portfolio, specially liked your photograph of the priory.
I think you need to go back to the mid 80s Dow closer to 2000-3000,
in 1985 dollars.
The much touted great bull market was just that, BULL. built on cheap, over used credit and over leveraging assets everywhere.
By the government printing money to bail out everyone we will eventually devalue the assets we are trying to maintain, though inflation.
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I wanted to get this in before the Dow crashes again... (it is up 400 points this morning).
I have no reason to believe this is the bottom of this depression.
However, what are you going to look for as signs?
Reversion to trend? Which trend, and how far? Dow was 3800 at the beginning of 1995, and 6800 in Jan '97.
Or "is it different now", and we can't really look to simple numbers like the DJIA and Nasdaq to tell us when a widespread credit-bust may be coming to an end?
(Racist, sexist and other anti-American posts will be taken out back and shot.)
SP