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Saturday, 5 September 2015

Not there yet. Next?............from Rico

I don't think we're "there" yet.
- What will be "next"......1929 or 2008 redux?
 
Friday's 272 point drop puts the Dow below where it was at the end of 2013, and down 2,200 points from last May's peak.
= nearly two years of market gains have been shredded so far.
 
Do stocks have farther to fall?
- Robert Shiller thinks we could see the Dow at 11,000 (it closed at 16,102 Friday).....a 30% drop.
 
Gee, tough proposition here.
- Who to believe? Shiller, or the nicely attired and photogenic "money honeys" of FTV who tell us it's different this time, again?


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