william the wie
Gold Member
- Nov 18, 2009
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Being in a cynical mood I figured I would poll people on what will be the next leg down.
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The DOW has recently hit 12,000.
What is everyone so worried about?
Oil skyrocketing to $100+ a barrel. This causes the consumer to spend more money for gas ($4.00/gal) and causing the economy to backslide back into recession. Food prices continue to soar as a result of the increased fuel costs and the natural disaters around the world causing global unrest. What is happening now is just the beginning. State default looks like a real possibility with a return of recession.
I suspect we will see Dow 16K+/S&P 1700+ by August and Dow 4K-/S&P 500- by June of 2012. The reason I asked which one next is that I take it as a given that the rest of the blow ups will happen shortly after the first as the house of cards collapses.