Last Monday 10/06/08 I blogged about DOW 9000 next March, and marked 8000 as a low around December. No one can time it perfect, especially me. Friday 10/10/08 the dow hit a low of 7882.51 and a high 8901.28 with a close of 8,451.19. Since only a week has went by and the low I called at 8000 hit Friday, it may be close to a bottom.
Watch the DOW this week if it closes below 8000 I'm changing the low to 6000. The good news is THE POST INDUSTRIAL STONE AGE is now delayed by about 5-10 years. That will give the world time to switch from PETRO(GAS) to alternatives. What happened to "DOW 36,000" James K Glassman predicted? I read that book as soon as it came out (1999). I think the "END OF SUBURBIA" was a better book.