6000 is coming for the stock market. and its gonna go lower than that.
 

The stock market is shit. All stocks are basically a gamble right now on if its going to be worth half as much next year. I told my dad 6 months ago that it was gonna hit 6000 and that might not even be the bottom. Dont leave your money in that shithole.

6,000 is definitely not the bottom.

I told a friend of mine about 4 months ago I thought around 5400 would be where it would bottom out. I wonder if I will be close.

We are going back to Dow and S&P totals that will be the same as when Bill Clinton was inaugurated (the first time). We are still working with unrealistic multiples that can not be maintained when people actually have to work, save, and monitor their purchases.

Housing will go back to 1997 levels. Essentially, the last time houses and land were fairly valued.

We have two massive bubbles to compensate for and people to come to the realization the "earned wealth" of the last 15 years was vapor.

In the end, it will be the best thing that could have happened. Deflation is a great thing for savers... Spenders/Easy Credit had it easy for way too long. Savers got ass fucked because of artificial inflation of prices because "everyone was rich".

If this progresses to where it should progress... $1M will be $1M again (80's and 90's value of a million dollars).

We are at $40T of wealth wiped off the map with a lot more to go.

All right, still worst to come.

Good stuff... now I can go PTHTPHTP to all those ballers...

I got out of the market when the two candidates were picked. Thank fucking god.

Some huge investment opportunities at the moment,

Bank of America for the win!

As soon as everyone agrees, is when the exact opposite will happen.

Assuming the US follows Japan's footsteps, the "bottom" for the market is 2800 DJIA. How? The Nikkei is 80% off from Japan's record high in the 80s. The DJIA's high is 14000. 20% of 14000 = 2800. :helpme

At least, the shorters are making money on the trip down.:Oh crap

I agree with most of what you're saying however I think the Deflation will be temporary because the money supply is blowing up due to all the bailouts/stimuli/runaway money printing. :helpme

I agree but a guy could go broke waiting for it....

i heard two months ago that 8k was the "bottom."

i remember my relatives over the summer telling me i was wrong that we were headed into a depression.

oh well.