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Posted: 1/22/2008 2:00:05 PM EST
Without another rate cut, speach from the president or rumor of something fantastic happening here in the US, such as we found an extra 10 trillion dollar stashed away under or pillows. How long do you give the stock markets, before they start to spin out of control again?
Link Posted: 1/22/2008 2:04:31 PM EST
They've already started. Won't be a huge 2,000 point drop in one day probably, but I see it dropping over the course of weeks, even months. The Nasdaq lost over 1/2 of it's value in the same way in 2001. Remember that? I figure the same thing will happen here, but probably not a total of 50%. Though it could.
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