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• 10.10.08
  The Market is Reaching the Bottom
  News (0)

  I'm no economist, but I think it's a fun game to play.  So, I'm going to make a prediction: we are likely within 1,000 points of the market's (Dow Jones Industrial Average) bottom.  Now, the recent financial roller coaster isn't anything to sneeze at: The Dow has fallen 39% in the past year The S&P 500 has fallen 42% in the past year In the last six trading days, the Dow fell 20.8%. The definition of a bear market is when markets fall 20%.  And we lost that amount in just six days. Six days, sheesh. There's general panic all around. Newspapers, TV shows, ...