It most certainly will drop. it will leikly end up 30-40% down by the end of it. The 2001 recession was slightly different because the DJIA did not decline very much, but the NASDAQ declines nearly 60%. Since the DJIA is composed of a lot of financial and consumer corporations right now I think we can expect it to decline more than the NASDAQ this time around, and will leikly hit in the 8-9k rage, based on its 14k peak, before a new bull market forms. When this will be is highly determined by how the recession plays out and if the Fed et. al. can prevent further financial companies from collapsing. Rate this comment: 0 0
by Liberty 04:14:15 AM 2013.03.14 |