Thursday, March 5, 2009

6 more days like today

and we will be at the target of 500 or so.

This meltdown is happening far faster than I had even imagined. 2 years ago (for those that remember) when we were talking about all of this hitting the fan, the very thought of a Dow at 4000 or S&P at 500 was laughable. Now 500 S&P may not be low enough.

The real problem now will be that the masses have lost all of this and expect it to just bounce back as in all the other sell offs the last 70 years. But the big concern is that it may just take another 20 years to get where we were. I doubt many have that much time.

Not to worry, we will find ways to make the gains we have all (well at lest those that have been involved around here) become accustomed to.

The best thing you can do for the masses now is to help them see how they can make back those losses. Not now. But when the bottom if finally in.

2 comments:

Anonymous said...

It came home Dell. Right where I was waiting for it.
Alex

Anonymous said...

Hi Del

What happened to the webinar today. Technical difficulties?