08-02-2011, 03:40 PM
I wonder how far. We broke 11k. The debt shit is gonna pass, though there will be mumbling and rumblings, it will subside. So what is the next Good / bad news cycle that will hit the market.
What if...
The Bad...
- Double dip recession? If we had signs it was here I could see the dow dropping to low 9k.
- Moody's drops US to AA from AAA. I could see a small dip perhaps lower 11k, but then it would move back up.
- Italy or Spain pukes. I dont see Euro causing a USA depression. They are more reliant on us. So Low 11k and then back up.
- GDP or unemployment or bad earnings.... See double dip above.
The good
- Unemployment news goes positive, and dips into the high 8%. I see the DOW going to high 12k perhaps low 13k.
- Positive earning / GDP. Same as above.
- umm I cant think of anything else good right now.
What if...
The Bad...
- Double dip recession? If we had signs it was here I could see the dow dropping to low 9k.
- Moody's drops US to AA from AAA. I could see a small dip perhaps lower 11k, but then it would move back up.
- Italy or Spain pukes. I dont see Euro causing a USA depression. They are more reliant on us. So Low 11k and then back up.
- GDP or unemployment or bad earnings.... See double dip above.
The good
- Unemployment news goes positive, and dips into the high 8%. I see the DOW going to high 12k perhaps low 13k.
- Positive earning / GDP. Same as above.
- umm I cant think of anything else good right now.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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"If you want to change the world, be that change."
--Gandhi