JWFITZ posted this predition to this thread on 10/29/2008 - 10:28:59
...I'd still hold for a bottom in the Stock Markets at about 7000 - 7200. It is possible that we could see valuations below this, but I suspect if things get that dire there will be very little interest in investing. I'd expect another slide of 10 in real estate values too.
Dow index this morning: 7357.15 -108.80 (-1.46%) Feb 20 12:14pm ET
"The Dow Jones industrial average has fallen more than 100 points from last night's close of 7465.95, the lowest level of the financial crisis. Investors are feeling increasingly beleaguered by the onslaught of negative news and fears that the recession will prove to be longer and more severe than previously expected. There are also worries that US plans to rescue banks may end up involving the nationalisation of Citigroup and Bank of America. The Dow Jones dipped to 7327.04, nearly 140 points down on last night."
http://www.guardian.co.uk/business/marke...jones-ftse
Is there any profit in becoming an accurate prophet, JWFITZ? You are within spitting distance of having made an accurate call on the stock market slide.
Hey, does anyone know where JWFITZ is these days? I have not seen him post recently; is he out sailing around?
A bit of nifty-cool good news with which to leaven the dismal economic news: Puna's bicycles may become yet even more useful than already anticipated, especially for the more ancient members of our ohana. I fully intend to have youngsters of the clan pedal their excess energy into charging up the batteries and then swap those fully charged bikes with grandpa and grandma so they can whir around without having to pedal uphill. Take a look at "Green wheel turns pedal bike into electric hog - MIT trades bike tires for power generation, storage and propulsion system"
http://www.msnbc.msn.com/id/29259226/
Yes, I can envision an elder standing on the lanai in HPP calling out "Hey, Gilligan, do you have a bicycle all charged up?" and the youngster's reply echoing back down the lane "Coming, Professor!"
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A pleasant slideshow:
http://www.thejoymovie.com
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