 Parallels between Dow and Japan |
| Parallels between Dow and Japan |
 Mar 6 2009, 12:43 PM
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#1
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 Group: Members Posts: 2,329 Joined: 20-June 07 Member No.: 1,243  |
People are saying the Dow will drop to around $4k...I disagree, I actually think it will dip below $3500 and won't recover. Things always turn around, but not this time IMO
Look at Japan, they hit $39k in 1989...they're still waiting for a recovery. Think it's at $7k now What caused that meltdown? A real estate collapse and banks holding a mountain of bad debt. Sound familiar? --------------------   |
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Mar 24 2009, 03:23 PM
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#2
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 Group: Members Posts: 706 Joined: 22-February 06 From: Lubbock, TX Member No.: 20 |
QUOTE (Oasis @ Mar 6 2009, 12:43 PM)  What caused that meltdown? A real estate collapse and banks holding a mountain of bad debt. Sound familiar? Here's the difference though. I'll use an analogy of the real estate and financial market to a building fire. In Japan, the building was on fire. The building collapsed and continued to burn. The building is now a pile of smoldering rubble. Japan decides to step in. In the US, the buliding is on fire. The building is still on fire, but we have firefighters attempting to control the blaze. There's a difference. Whether the steps taken now are going to work is uncertain, but at least we're doing something. -------------------- Beers that I have had, updated July 5th, 2009: 1,548
My Beer List "Patriotism is the last refuge of the scoundrel" - Samuel Johnson "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ" - Mahatma Gandhi |
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Oasis Parallels between Dow and Japan Mar 6 2009, 12:43 PM
impala454 I think by the end of the year it will start recov... Mar 6 2009, 02:08 PM nickluto You know that the dow jones industrial average isn... Mar 23 2009, 06:00 PM Mommy That's why you don't work on Wall Street. ... Mar 23 2009, 08:07 PM Mommy Bar graph of the last 10 days... Shows a small rec... Mar 23 2009, 08:10 PM Mommy Do none of you realize that we are going through a... Mar 24 2009, 03:45 PM
pysex QUOTE (Mommy @ Mar 24 2009, 04:45 PM) Do ... Apr 3 2009, 08:24 PM jwttu so will are you still predicting the drop to 3500? Apr 2 2009, 08:51 PM woody it'll drop again in about 3-4 months Apr 2 2009, 09:11 PM impala454 What makes you think so? Apr 2 2009, 10:59 PM dauss QUOTE (impala454 @ Apr 2 2009, 10:59 PM) ... May 15 2009, 01:38 PM impala454 QUOTE (dauss @ May 15 2009, 02:38 PM) Wit... May 29 2009, 03:50 PM dauss I think it will touch below 6000. Apr 3 2009, 04:54 PM impala454 Eh I think you guys are taking the media hype on t... May 15 2009, 03:12 PM dauss QUOTE (impala454 @ May 15 2009, 03:12 PM)... May 15 2009, 04:46 PM Mommy QUOTE (dauss @ May 15 2009, 04:46 PM) The... May 17 2009, 03:39 PM impala454 QUOTE (dauss @ May 15 2009, 05:46 PM) The... May 17 2009, 04:39 PM dauss QUOTE (impala454 @ May 17 2009, 04:39 PM)... May 17 2009, 08:23 PM dauss QUOTE (dauss @ May 17 2009, 08:23 PM) I b... Jun 3 2009, 03:44 PM impala454 It's not a cyclical anything... these "ga... May 17 2009, 08:34 PM dauss QUOTE (impala454 @ May 17 2009, 08:34 PM)... May 17 2009, 08:52 PM impala454 Your point being? May 17 2009, 08:54 PM chook QUOTE (impala454 @ May 17 2009, 09:54 PM)... May 17 2009, 11:54 PM impala454 Well of course it will, but I don't see that a... May 18 2009, 07:37 AM Mommy I think a lack of confidence might drive the Dow d... May 18 2009, 08:30 AM |
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