I was listening to Fox on XM this morning and they had somebody named Harry Dent on for an interview. He's financial guru, etc. He predicted that the stock market would bump up this year reaching a peak late 2009 or early 2010, after that stocks and real estate would plunge deeply. He predicts a DOW of 3800 after that, and that real estate prices will be 50% of their 2000 valuation. His advice. Sell all your stocks and bonds during the run up and put it into CD's, Treasury's, Savings Accounts, whatever. Said he'd be for investing in Gold or Silver as well. He said young people should not buy a house till 2011 and that by then they will be able to get some incredible buys. Just wanted to brighten your day!!
I just want to get HALF of what I LOST back..and I will jump out so fast!! However, we are talking 10 years i believe. :evil: :evil: :evil:
Did I hear correctly on the news yesterday that Bank of America used up to $4bil of its original bailout money to bonus executives in its core business as well as in the turd they bought, Merrill Lynch? Can anyone confirm or deny that? I'm looking...
Well if Harry Dent say it..... Quite frankly, I can't even see the bump that he's predicting. If you could see the world from Michigan you'd be really apprehensive of the future.