Comments on: Watch the Dow Hit 5,000 After This Bear Market Bounce

By: Goldfinger

Goldfinger — Wed, 15 Oct 2008 20:23:46 +0000

Whats the problem save 10% of what you earn, dont buy what you dont need with money you dont have.
if you take your money to the casino you dont expect to make money,do you?we have had the biggest party now its over I guess we will have a huge hangover. maybe a hair of the dog that bit us will help.

By: Mr. Money

Mr. Money — Wed, 15 Oct 2008 02:53:45 +0000

I agree we very well might see a drop to 5,000 in the Dow. The huge increase in the money supply by the Fed and Congress is causing the vast swings in the markets we now see. These swings are almost meaningless, as everything is overinflated a 900+ point increase is really much less in a market without this excess of cash.

By: WOW

WOW — Tue, 14 Oct 2008 21:10:00 +0000

Holy crap. Thats a pretty harsh assessment (but pretty spot on). I think a lot of meddling is gonna take place now though.

By: Mike

Mike — Tue, 14 Oct 2008 20:49:16 +0000

Government regulation *can* be successful; look to Canada as an example. Over-regulation is definitely a problem however, and is unfortunately the most likely result of this disaster.

By: MurrayR

MurrayR — Tue, 14 Oct 2008 19:18:30 +0000

When all you are hearing is a rosy picture from the corporate-controlled media it helps to have an independent voice that says what nobody else will say.

By: Andy

Andy — Tue, 14 Oct 2008 16:51:02 +0000

An overly pessimistic post, but some valid points. You can’t put it all on one person or group.