W
WebBoard
Guest
From: Mike TheBloodyIdiot
My keyboard is still warm from typig that I can actually cancel 2003 BOOM prediction due to US share crisis.
Well, read this:
http://www.finance.news.com.au/common/story_page/0,4057,4705231%255E462,00.html
"According to New York broker HD Brous & Co, the 1929 mania saw stock exchange turnover in dollar volume equivalent to 130 per cent of US gross domestic product. In 2000, it was more than 300 per cent of the GDP figure.
Even with the lower prices and burned fingers, in June 2002, $US1.91 was spent on share trading for every $US1 used to buy goods and services."
With those facts in mind it looks almost certain that Dow belongs to 5000 if not less.
In other words, if Governments will not come up with some kind of miracle solution in the next couple of months, the ghost of the new Great Depression have a real chance to materialise.
It is still a bit early days, but if Dow picks up speed falling, then I would be thinking about totally new course of action (even before it hits 7000).
Cheers,
Mike-TBI
My keyboard is still warm from typig that I can actually cancel 2003 BOOM prediction due to US share crisis.
Well, read this:
http://www.finance.news.com.au/common/story_page/0,4057,4705231%255E462,00.html
"According to New York broker HD Brous & Co, the 1929 mania saw stock exchange turnover in dollar volume equivalent to 130 per cent of US gross domestic product. In 2000, it was more than 300 per cent of the GDP figure.
Even with the lower prices and burned fingers, in June 2002, $US1.91 was spent on share trading for every $US1 used to buy goods and services."
With those facts in mind it looks almost certain that Dow belongs to 5000 if not less.
In other words, if Governments will not come up with some kind of miracle solution in the next couple of months, the ghost of the new Great Depression have a real chance to materialise.
It is still a bit early days, but if Dow picks up speed falling, then I would be thinking about totally new course of action (even before it hits 7000).
Cheers,
Mike-TBI
Last edited by a moderator: