Get your old Dow 10000 hat out of the closet

If it does hit 10,000 then I will have missed my prediction by 6 weeks. I posted on here on May 1 (when the DJ was at 8,200) that it would hit 10k by 9/1/09.

quote:

---

Russian, do you think the economy is headed for the moon?

---

I think the economy will be relatively slow (compared to years past during the boom days) for a year or so longer. But I don't think we will be going back into the credit crisis/freeze we saw last September.

quote:

---

Do you think we are really out and have seen the bottom?

---

Not the bottom of unemployment yet. That will be last to turn around. It always is.

I think we are about to see a reversal. It won't hit 10,000 today

I hear ya, on one hand it could be good, on the other hand it could be quite negative to someone in need. I have yet to experience the reduction in available credit lines on existing CC accounts I have, but it could still happen. Consumers will be paying more realistic rates to access credit in the future, it is inevitable especially if many of the securitization facilities of the past do not reappear.

TOS says today's high is 10k on the nose.

quote:

---

But I don't think we will be going back into the credit crisis/freeze we saw last September.



Tell that to consumers and small business owners who continue to get rejected for loans and all the CRE folks trying to get refi'd, it's still frozen and contracting.

---

Ok, I will.

quote:

---

10k was easily taken out afterward.

---

I suspect it will be easily taken out again this week.

quote:

---

it could easily roll up to 12k

---

That depends on the Obama tax increases. If he gets his way, it won't happen.