Charles Denner... Forecasts "Dow 5,000"

Scataphagos

Scataphagos

Not pounding the table on this, but he has some cred in the financial world. (Ex Goldman-Sachs guy.)

You might want to keep that in the back of your mind as you may be chomping at the bit to BTFD as things play out.

FWIW....
 
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I thought I was bearish.....I was maybe going with Dow 10,000-12,000....5,000 is ultra bearish....that would put most stocks 60-90% below where they are trading today....this would wipe out over 90% of retirement accounts!!!
 
S2007S said:
I thought I was bearish.....I was maybe going with Dow 10,000-12,000....5,000 is ultra bearish....that would put most stocks 60-90% below where they are trading today....this would wipe out over 90% of retirement accounts!!!
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In the Great Depression the Dow dropped -90%. Can hardly rule anything out as "impossible".

In the 2007-2009, decline... a leveraged Nasdaq mutual fund lost -97.5%. No recovering from that.
 
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it is impossible in nominal terms because the dam Fed like every 3rd world Central Bank will print money like tomorrow or simply add zeroes to the reserves held at the Fed by the banks.
 
zdreg said:
it is impossible in nominal terms because the dam Fed like every 3rd world Central Bank will print money like tomorrow or simply add zeroes to the reserves held at the Fed by the banks.
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By that point it would be true, the fed would prop up the markets and implement brand new ways to keep the markets up....I'm sure they would even drop the capital gains rates to rates we would have never thought possible...they would pump the markets up once again with trillions of dollars and bail out any bank or major company on the brink of failure....they would probably loan out trillions of dollars on top of trillions to companies to buy back their own company stock....can't wait to see the new innovative ways they come up with to prop up the markets this time around ....
 
S2007S said:
.I'm sure they would even drop the capital gains rates to rates we would have never thought possible.
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capital gains tax rate is determined by Congress.
perhaps you meant to say the Fed can lower initial margin requirements
 
Scataphagos said:
In the Great Depression the Dow dropped -90%. Can hardly rule anything out as "impossible".

In the 2007-2009, decline... a leveraged Nasdaq mutual fund lost -97.5%. No recovering from that.
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I could maybe see this happening, but less than 10%....definitely believe Dow 10000!!!
 
zdreg said:
capital gains tax rate is determined by Congress.
perhaps you meant to say the Fed can lower initial margin requirements
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Well what ever is happening during a time of a stock market collapse I'm sure Congress will push a lower capital gains tax ....when the circuit breakers start going off Congress and the fed will be holding emergency meetings while the markets are paused from collapse mode!!!!
 
Scataphagos said:
Not pounding the table on this, but he has some cred in the financial world. (Ex Goldman-Sachs guy.)

You might want to keep that in the back of your mind as you may be chomping at the bit to BTFD as things play out.

FWIW....
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PS it's Nenner and he has been predicting things as long as I can remember including World Wars...
 
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