Over three months ago I wrote an entry discussing the possibility of a 6500 Dow called “How Low Will The Dow Go”. http://bizzylife.com/2008/11/how-low-will-the-dow-go/
At the time a drop of that magnitude seemed almost incomprehensible, but after today’s performance the idea that we could actually be hitting the bottom seems a welcome relief. If you didn’t read it then, Dr. Dennis O’Donnell’s thoughts are quite interesting. And unlike a few months ago, I hope he is correct.