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Doomsday for the U.S Stock Market

Discussion in 'Money Talk$' started by KenH, Nov 20, 2008.

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  1. KenH

    KenH Well-Known Member

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    A very interesting analysis by one of the leading technical analysts. Article and video here:

    www.cnbc.com/id/27829390
     
    #1 KenH, Nov 20, 2008
  2. billwald

    billwald New Member

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    Dow will probably go to 5000 or 6000. The companies that are selling a good product at a fair will will still be there. The companies selling 80 times earnings or with no earnings will be mostly gone. A person who owns a stock at 80 times earnings would probably (pun intended) do better buying lotto tickets.
     
    #2 billwald, Nov 21, 2008
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