just my crazy predictions for 09
Since it’s late and no one is going to read this I just want to put my predictions for 09 in my blog. I think that Jan 7 is the last day of low prices till the next major upset. I think July will be above 10500 and the sideliners will finally get in and cause a bubble and bust. In between we will have some up and down as we try to figure out if congress will cut loose with money. There will be some friction over Obama's decisions especial if he does not help a certain group that he promised would be represent by a certain person in a very high political office. Other decision that may not go well is when he has to spend billions in ways the average person can not understand. He really needs to start educating the public on what worked in the great depression and what didn’t. He needs a massive PR campaign. We could see some real agitation in our society as people conflict over policies and who gets what. I think Ford is going to kick a.. They are going to dominate.
Corning will dive to $7 or maybe $5. and they will see $11. Bank of America won’t see their lowest again and will see 17 and I hope for 20. Law suites against Country wide will be a big issue. The home builders wont get the bail out but Auto will get what they need (you can’t replace gm but anyone can build a house). Car sells will be up and what gets us exited way before home sells do.