Hi pineal-pilot-in merkabah,
That is clear. If you need to find the starting point, you need to go to the end of the .com boom, or even when the banking system changed from money supported by gold to money supported by interest rates and loans, or even go further back to when money was invented (no money, no loss of money).
The question was about the level of the DOW and when it will dip below 5800.
It is also important to identify the reasons and also what attempts are being made to try and stop it (if it's possible).
We need to try and understand why this will happen, where the mechanics of the system went wrong. Once that is understood we can protect ourselves for the next time - if there is one.
In another thread SeekingAlpha offered this link to a Scottish Hedge Fund Manager who gives his view:
http://www.cnbc.com/id/15840232?video=899394201
also check this one:
http://www.youtube.com/watch?v=9G7HQpXby5k
Best regards,
Steve
Quote:
Originally Posted by pineal-pilot-in merkabah
lol orly.. hum have you been under a rock for the last month.. crash started ages ago..
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