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Stock Market Correction - Where will it end?

Discussion in 'Political Discussion' started by PatriotsReign, May 25, 2010.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Most of you have read my various rambling posts predicting another crash/sharp decine in the stock markets in 2010. Some said only a fool attempts to make predictions on the markets, so I guess fools are right now & then.:D

    To me, it was a no-brainer. The values were being driven by pure speculation without regard to reality. and now reality is setting in.

    As of now, the Dow is down 10.2% since it's high in April. Don't expect it to level off yet.

    Anyone want to guess on where the bottom will end?
     
  2. khayos

    khayos In the Starting Line-Up

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    8500 I think would put it closer in touch with the economy.
     
  3. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    That's about the same number I have in mind. Man, you're smart!:D
     
  4. mcgraw_wv

    mcgraw_wv In the Starting Line-Up

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    If you look at the historical prices, and I mean going all the way back to the 70's, it doesn't make sense that the stock market took off like it did when there was a steady stream of growth for 20+ years prior to the 90s.

    This tells me that the majority of the growth in wealth that is the market is driven primarily by the rise of 401k investment artificially increasing prices by increasing the amount of money invested in the market, not by actual growth of the economy, or innovation.

    Looking at the Historical trends:
    [​IMG]

    I would say we should naturally be around the lower part of 8k right now.
     
  5. Real World

    Real World Moderator Staff Member

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    Grrrr...8,500 is my number too.
     

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