DavidS
Anti-Tea Party Member
Please remember, folks, this recession was not predicted to end until July 2010. We still have almost another year to go. A recession is like a bullet wound -- quick to hurt, slow to heal. This will be considered The Great Recession, I believe.
We certainly could close the year off around 7 or 8,000 -- which I actually wouldn't mind seeing. Unfortunately, I don't believe the year will end anything under 10,000 -- I think we're headed there, maybe not as quickly as I first thought, but I think once we hit 10,000, that's the sky, that's the limit and we're done after that for at least another year. I don't think stocks will really start climbing until 2011. The most recent recession we can compare this one to is the one under Reagan in 1982. By 1983, things had started to improve and by 1984, the economy was humming along quite nicely. I think that our economy will move along at the same pace... every generation or so, we get a big correction... and there's nothing wrong with that. What's bothering me the most is that our economy is dependent upon bubbles... dotcom, housing, oil, gold, technology... the 2000s really didn't see anything as far as new innovation is concerned that would allow us to enter a bubble. Thus the economy sluggishly went along..
We certainly could close the year off around 7 or 8,000 -- which I actually wouldn't mind seeing. Unfortunately, I don't believe the year will end anything under 10,000 -- I think we're headed there, maybe not as quickly as I first thought, but I think once we hit 10,000, that's the sky, that's the limit and we're done after that for at least another year. I don't think stocks will really start climbing until 2011. The most recent recession we can compare this one to is the one under Reagan in 1982. By 1983, things had started to improve and by 1984, the economy was humming along quite nicely. I think that our economy will move along at the same pace... every generation or so, we get a big correction... and there's nothing wrong with that. What's bothering me the most is that our economy is dependent upon bubbles... dotcom, housing, oil, gold, technology... the 2000s really didn't see anything as far as new innovation is concerned that would allow us to enter a bubble. Thus the economy sluggishly went along..