Wednesday, February 25, 2009

Currently the Dow is down over 50%. My feeling is the market has 20-25% farther to fall. Today February 25th 2009 the Dow closed at 7270. I think the market will bottom between the 5000 to 6000 level. This will be remembered as the Great Depression of my time. I can't believe some people are riding this out and staying in equities. If you have 100k invested in equities and you lose 66%. You have to then gain a return of 200% just to get back to even. I think most people are brain washed by their financial advisor.

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