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Predictions for 2009

Recs

3

December 23, 2008 – Comments (2)

After the end-of-year window dressing wears off, like so much Shinola, January will come.  There will be a flurry of buying lasting perhaps a week, and then some beige book or similar will come along showing that things are as bad as everyone thought they were, and the bottom will fall out.  I believe there will be S+P 700 by March.  Sometime in 2009 Dow hits 5000, and the banks - TARPed, unTARPed, whatever - will lead the way.

2 Comments – Post Your Own

#1) On February 23, 2009 at 5:45 PM, ikkyu2 (99.26) wrote:

2/23/09: Dow 7100, S+P 748.  Pretty much right on schedule.  Batten down the hatches; it's going to be a bumpy ride.

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#2) On June 23, 2009 at 1:12 PM, ikkyu2 (99.26) wrote:

Well, I was right, the S+P hit an intraday low of 666 on or around March 9, 2009.

Still waiting on the Dow 5000, but I don't think it's out of the question if 2Q earnings are as bad as I expect them to be. 

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