Home -> Law Blog Directory -> Criminal Law Blogs -> Crime & Federalism

Criminal Law

: Crime & Federalism

When Will the Market Hit Bottom?

The Dow Jones Industrial Average closed today at 8,579.19.  Last December I predicted that the market would hit 8,000.  (I was mocked.)  Now, that seems optimistic. Think about this: We haven't even had earnings reports yet.  What is the market going to do when earnings are shit?  And they will be shit. We haven't hit the Christmas shopping season.  What is the market going to do when retail sales are shit?  And sales will be shit. I put 50% of my 401k into a money market at around 12,000.  I put the rest in money market funds around 11,000.  The experts will say, "Stay the course."  Those same experts aren't telling you that people stayed the course in Japan.  Guess what: After 20 years, people have still not recovered their losses...continue to full post

Full post as published by Crime & Federalism on October 09, 2008 (boomark / email).