7500 DOW Possible??

The simple answer is YES!!!

I know I wrote in December 2007 that I expected a 9,000 DOW and believed that an 8,000 Dow is where I said it should be… but 7,500 is panic and that is what I am seeing around the world… people are afraid… plain and simple.

DO NOT sell you 401K or other funds now… it is far too late for you to do that… your best bet is to hold on and try to read and watch something other than economic news… at least until AFTER the election.

I am working on my economic predictions for the rest of 2008 and 2009… and in some cases even into 2010. I should release that November 5 or 6, AFTER the Elections… there is nothing good in store… except that we will know more about where our Government is taking us… and at least THAT will restore some stability to the financial markets in the USA and give a good indication of the future of the economic health of the Country.

You will see great swings in the market… mostly down for now… but you will get high upswings as well… do not take any of these seriously at this point… we really are at about the right pricing given the full economic data….

Additionally you will see a more bad economic news and then a few good pieces… but overall it is glum out there… so stop reading things like this and others and concentrate on what is important to you.. your life and your family… the rest will settle out soon… just not as soon as you would like.

Craig

NOTE:  This is MY OPINION. I make no assurances of this actually being the way the market will go. You should do your own research and make your own informed decisions!!!