Stay Out of Stocks

Anybody who doesn’t think the Dow Jones Industrial Average could fall to 1,500 should take a look at this chart. Right now, stocks have fallen about 50% from their highs, a drop that is consistent with many other downturns, save 1929-32, when stocks fell 90%. Here’s the chart, courtesy of Barry Ritholtz.

3 comments on “Stay Out of Stocks

  1. Pingback: Astrology Scout » Blog Archive » Stay Out of Stocks

  2. Good question and the answer is both. I look at both history and astrology. From 1929-32, there was an important astrological configuration that will be repeated again in 2010. It’s being referred to in the astrological community as the Cardinal Climax.

    Taking this into account and looking at the historical stock data, I’m predicting that the Dow could be as low as 1,500 by the end of 2010. As you know, it’s already down about 50% from its highs. Of course, there will be some upswings on the way down, but we’re nowhere near bottom yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s