What’s your take on the stock market being around 5500 by the end of May?
(Someone who worked with me a number of years ago who now works for an investment company told me this morning that he’s seeing indicators that show that a major drop is coming and this number is not out of the question by the end of May…Whats your take on this?）
Answer ：
Won’t happen, especially now that financials are hitting some estimates. Plus, running my own numbers (I am a consultant/broker), I do not see how it could drop below about 6250 and thats with GE cutting their dividend to 0, GM failing, another round of bail outs, etc…. It would have to be the end of the United States’ financial system to drop below that.
Posted: August 11th, 2010 under US Stock Market.
Tags: take on the stock market