There are some who think this market will collapse to 1000, eventually. I am not that pessimistic, but maybe I should be. Historically, 1000 on the DOW was not really that long ago so it is not a far reach. Considering everything the government is doing, and I will admit that some things had to be done, but a more thought out plan early on that extended beyond the economist view looking glass, would have told you that the fix is not in saving banks that are insolvent. That's like saving the Camden school district by throwing cash at it YOY when each year the stats just get worse. Sometimes you have to cut your losses, admit defeat and move on. I believe that the worst is yet to come and nothing will be able to stop it this time. There are so many problems that we have become not only complacent, but desperate for a good time. That only prolongs the inevitable. Please go to cash after GS reports earnings. Until DEFLATION hits the world economy and hits it hard, we will be spiraling into the abyss with our lovely pink and orange parachute.
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