Roubini Sees Dow Falling Another 30% - GoFuckYourself.com

Vendot · 10-24-2008, 02:46 PM

http://www.bloomberg.com/avp/avp.htm...V5lDr_BAkw.asf

Possibly even more than 30%....

heymatty · 10-24-2008, 03:16 PM

He's called quite a lot right so far. Depressing guy though.

teomaxxx · 10-24-2008, 03:28 PM

and for the first time he told:
""Stay away from dollar assets""

he never made any currency advices so far....

SomeCreep · 10-24-2008, 03:43 PM

No way. The market is already down 40%. This isn't a depression, it's a recession. In the past, even the worst recessions caused only a 50% decline in the market from peak to trough. Our current market may decline 10 - 15% more, at most, and then the bottom is in.

DWB · 10-24-2008, 03:46 PM

Quote:

Originally Posted by SomeCreep

No way. The market is already down 40%. This isn't a depression, it's a recession. In the past, even the worst recessions caused only a 50% decline in the market from peak to trough. Our current market may decline 10 - 15% more, at most, and then the bottom is in.

Says the PORNOGRAPHER.

Vendot · 10-24-2008, 03:55 PM

Quote:

Originally Posted by teomaxxx

and for the first time he told:
""Stay away from dollar assets""

he never made any currency advices so far....

Well observed...... I noticed that too but it was too depressing to mention.

Vendot · 10-24-2008, 04:00 PM

Quote:

Originally Posted by SomeCreep

Our current market may decline 10 - 15% more, at most, and then the bottom is in.

The consequences that come from all this is what we have to look forward to and this is going to be flooding the news wires with bad news on a day to day basis. Maybe 30% unrealistic but i think 20% is possible and with all the down pressure, any shock to the system is gonna be multiplied on the downside.

10-24-2008, 02:46 PM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Roubini Sees Dow Falling Another 30% http://www.bloomberg.com/avp/avp.htm...V5lDr_BAkw.asf Possibly even more than 30%....

10-24-2008, 03:16 PM	#2
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	He's called quite a lot right so far. Depressing guy though. __________________ Cashlantis ~ Black Book Cash

10-24-2008, 03:43 PM	#4
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	No way. The market is already down 40%. This isn't a depression, it's a recession. In the past, even the worst recessions caused only a 50% decline in the market from peak to trough. Our current market may decline 10 - 15% more, at most, and then the bottom is in. __________________ Webair Hosting I use and recommend Webair for hosting.

10-24-2008, 03:28 PM	#3
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,734	and for the first time he told: ""Stay away from dollar assets"" he never made any currency advices so far....