Re: Hang on folks ...

On Fri, 27 Feb 2009 08:45:31 -0500, Allan Smith wrote:

Currently, DOW futures point to an opening loss of 200 points. That's
below 7000. Mabye 6950 to 6988.

It's still a long way from the bottom. Two more quarters of significant
shrinkage in GDP. I'm calculating somewhere in the 5500 range is the
bottom. We haven't even seen the worst of the wave of bank failures yet.
Chrysler will more than likely disappear and unemployment will most
likely hit 12%. All of these figures are coming in with high 80's to low
90's. Like weather forecasting, it's imperfect.
.

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