Given how fast this crash has been, we could approach it ...
This week? Possibly tomorrow -- Soon, for sure.
Have been holding short positions since April but will coverand go long sub-10,000.
Here's a napkin chart I drew up in the Spring, lets you know what we here at
The 1930's Scenario think will happen in the markets over the next 1-2 years.
S&P 500:
As I finish this post, Dow futures down -300 again tonight.
More charts comparing our market to the Great Depression Bear coming
in the days and weeks ahead ...
Your forecast of Dow 10,000 / 1040 SPX should be fulfilled in early October 2011. This would also put us at the equivalent of early May 1930.
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