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Re: nesra16 post# 8591

Wednesday, 10/22/2008 7:03:43 PM

Wednesday, October 22, 2008 7:03:43 PM

Post# of 37472
We are not near the bottom yet, the bottom of the market will not come until 2007. Dow will be in the low 7000s if we are lucky, it could go into the 5000s. We will not see another bull market phase until 2015 at the earliest. It may look like one is starting from time to time over the next 7 years, but dont be fooled. Although the low may be in the 2010-2011 time frame.

All IMO, but the macro cycles and the breath of the slowing economy is on my side with this prediction.

BNPD will likely buck the trend though as it is a start-up gaining momentum. It is unfortunate though that it is a start-up in the middle of what is termed a 'secular bear market', coupled with a deep coming recession brought about by the sudden (but deserved) liquidity crisis.

Best of luck to all. Dont buy on margin. Dont invest your safety net, not matter how enticing it looks.