I think it's a foregone conclusion 2002 lows of all major indexes will be taken out in next few days.

The Question is , where is the bottom ???


It's probably 50/50 all Major Indexes could easily fall another 40% over next 2 years.

Not impossible all , or close to all Common stock becomes near worthless over next several years .

The Japanese Stock Market has yet to recover, still at or near 20 year lows.
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I'm prob going long tomorrow w a tight stop.

LOL

i think s&p will hit 700 at least probably 600 within a year. could go lower but will depend how things develop. could go higher but i expect on average the equities go down another 20-30% at least in real terms.

I would say 80% chance of at least 40% fall in the next 2 years. And I cannot stress the at least part enough. I fully concur with the possibility of worthlessness.

Wow japanese mkt 30 yr chart looks very ugly... that must be brutal on their culture... no wonder they want to come to american... ever rising stock markets with ever rising money supplies. POP goes the BUBBLE. japanese were heavy savers... we are heavy debtors... could we be in for much less than them? I don't even want to know what our national debt/population =
http://www.bloomberg.com/apps/news?p...efer=worldwide

we should probably just add those 2 trillion in right now, right?
2,000,000,000,000 / 280,000,000
oops guess that's another 7,000$ in taxes for each person in USA including illegal immigrants. If we take them out of the picture, maybe we're at 7333$ keep in mind how many people actually pay taxes?
old people dont, kids dont, ... ok i guess anyone with a real job pays payroll taxes but i wouldn't be surprised if only 1/3 people actually pay taxes. I know tons of people who never pay taxes in their life. I'd ballpark 30% of the people I know pay taxes, only 10% probably actually kick something in. I think taxes are going to have to go up soon to pay for all this. SO let's multiply 7333x3 = 22,000$ = each person who actually pays taxes may have just taken on another 22K in debt!!!

But at least there is a good side to all of this. Since the fed just printed up all of this money out of thin air, now all of the dollars you are holding have become worth less because a large supply of them has just been added to the market.

Really?
You fully concur with the statement that "all, or close to all Common stock becomes near worthless over next several years" ? You concur with that? Like, seriously, all kidding aside- you agree with that statement?

Yeah of course he does the financial crisis didn't just hurt the economy, now Americans are all of a sudden not interested in material possessions, gonna just sit home all day eating dirt and sleeping not gonna work not gonna spend.

The Nasdaq broke through long term support yesterday and could easily fall to the 1280 range. As far as the Dow and S&P, it is still up in the air if they will break through. If they do, key levels are as follows:

S&P 750 then 630
Dow 4000

The Dow would have to close below 7900 and the S&P would need to close below 810 for this scenario to take shape.

As to how I determined these numbers, lets just say that I pulled them out of my backside.

My thoughts on this...

-Anybody who is 80% sure of ANYTHING doesn't know what they're talking about.

-My personal opinion is that there is a very good chance of the market going lower...but despite that I think to anything in the market is greater than about 60% is just wrong.

-The potential is always there for stock markets to go to 'near worthless'. The people mocking this should look at the history of some of the stock markets around the world. Japan is down something like 80% from where it was almost twenty years ago. Some people would consider a Dow at 3,500 near worthless. I don't know the details, but I believe that Egypt in the late 1940s or 1950s went from one of the World's top five markets in terms of market cap to zero. Nobody stopped eating, but shares in the future earnings of their companies became worthless (maybe because of nationalization...but we seem to be heading down that road).

no offense intended to anyone in particular, but has there been a thread discussing "support levels"? sounds like total bs to me :/

We all have our predictions for what will happen in the future but it's purely a guess, but, we do know what is happening, now: the three most active stocks on the NYSE: GE, C & BAC are ALL making new lows.