Two months ago I was talking the S&P below 1200 bringing the Dow down to 10000 levels - never thought it would have crashed so far so fast. I also predicted S&P at 750-800 by year end and that's coming ture too before Thanksgiving. I'm now cercerned about a recession to depression - 2009 will be a challenging year for financial markets. Yet there are those out there making money off this mess - like those who bet on the housing crash. Trade smart!
"The Fed knows nothing!" - Jim Cramer
Once the S&P goes below 1200 it will enter into free-fall and take the Dow along for the ride down below 10000.
beaubluenyc 3 years ago
... S&P is closing in on a 12 year low... it is at 777 as I write this. Not looking good
ebaum1saik 3 years ago
Two months ago I was talking the S&P below 1200 bringing the Dow down to 10000 levels - never thought it would have crashed so far so fast. I also predicted S&P at 750-800 by year end and that's coming ture too before Thanksgiving. I'm now cercerned about a recession to depression - 2009 will be a challenging year for financial markets. Yet there are those out there making money off this mess - like those who bet on the housing crash. Trade smart!
beaubluenyc 3 years ago