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Reply #15: I have long felt that 6500 would be the bottom. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

TexasObserver

(1000+ posts) Send PM | Profile | Ignore

Fri Mar-06-09 07:58 PM
Response to Original message

15. I have long felt that 6500 would be the bottom.

I still do. It's possible we could see the DOW drop below 6000, but I really believe the 6000-6500 range is the floor, and I've been yelling "get out of the equities" to anyone who would listen for the past year.

If the DOW dips below 6000, I will be shocked, so I do think we're going to see a floor in this range. There are a lot of people sitting on a lot of cash right now, and when they think the floor is set, they'll be back into the equities quickly.

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