Monday, September 12, 2011

Extreme but then so is the bubble

Dow to hit 3000 by 2013

japan dropped 75% over 20 years so anything is possible.analysts point to earnings,but realistically how can earnings be so good during 'the worst recession since 1930's'.Earnings were good in 2007,then collapsed.The common theme coming through is that you cannot solve a debt problem with more of the same.

Posted by taffee @ 10:25 AM (1660 views)
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8 thoughts on “Extreme but then so is the bubble

  • I’m certain that stocks will go a lot lower over the next 2 – 4 years and reach a bear market trough. The learned Russell Napier sees the S and P at 400 – check out the attached video. Albert Edwards is of a similar view.

    http://www.zerohedge.com/article/russell-napier-bear-market-bottom-will-be-sp-400

    Dent seems to focus on 2 things continuing deleveraging that cannot be offset by government intervention, made worse by the retirement of baby boomers.

    A move down to these levels would provide a huge buying opportunity.

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  • i cant see that happening with all the new oil USA will have soon, they are i understand the worlds no1 oil producer now.

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  • I’d be interested in Drewster’s view on the Oil comment (Monday, September 12, 2011 10:53AM)

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  • ‘in the US house prices have already fallen 34%, and I expect them to fall another 30%’

    In the UK we will just have denial.

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  • Oldfashionedbanker says:

    Well Harry Dent did predict DOW at 40,000 back in the late 90’s I believe. He likes to create a headline thats for sure, his analysis is mainly based on Demographics which IMHO is only part of the equation (Its the debt stupid) though he is a very entertaining speaker and ranks Steve Keens as his favourite economist which makes him OK in my book.

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  • thanks B/wether…

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  • comes with a book launch 😉 :

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