Sunday, March 08, 2009

Dow 36,000 is still coming

Old bubble deniers never die. They just make new excuses.

The really sad thing is even after being proven ridiculously wrong, these guys can still find gainful employment at right-wing think tanks.
Posted by at 5:43 AM
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5 comments:

  1. AnonymousMarch 08, 2009 6:48 AM

    Sounds like lance.

    ReplyDelete
  2. AnonymousMarch 08, 2009 10:59 AM

    Predictions are useless without dates. Dow will likely hit 36,000, even 100,000 at some point. Issue is, is it next year, 10 years, 100 years, 500 years?

    Same thing with the doomer wave theorists - "dow will crash - depression will happen" was uttered in 1980. Originally they said it would happen in 1990 - oops.

    ReplyDelete
  3. AnonymousMarch 08, 2009 12:38 PM

    "...these guys can still find gainful employment at right-wing think tanks."

    Really?!?! I thought they all worked for Chris Dodd and Barney Franks at the DNC.

    ReplyDelete
  4. UnknownMarch 08, 2009 2:43 PM

    A bout of hyperinflation would get us to a DOW of 36000 in no time..

    Be careful of what you ask for.

    ReplyDelete
  5. JamesMarch 08, 2009 6:10 PM

    Anonymous said...
    "Really?!?! I thought they all worked for Chris Dodd and Barney Franks at the DNC."

    Nope. You'd think that, but they actually got jobs at the American Enterprise Institute. See here and here.

    ReplyDelete

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