You 'tiz kidding right? I'd say sub 11K in the next year is possible (seems more probable as more of these write-downs worm their way into the system).
Financials seem to be the key, and I'm of the opinion that the Fed is working with em, and they are being up front for the most part about disclosing their bullshit. The unknown is the real fear, and so far I've seen above board action.
Gold will take a dump this year too. After a good run-up it's time for it to be ransacked.
JMHO.
Dammit cussy I thought at least one old bugger as well as me knew what was going on...
Its like the late 70s early 80s.
Stuff like Gold will have a wee party but the markets will bloom on 3% money.
Just follow my picks Cussy.
Let these kids figure the rest out for themselves.
In 20 years you and me will be using the money for nursing home fees while the smarties in here will be making a killing out of the next correction.
I'm worried about Tizdoom tho.
While he's got money from somewhere and 25 years at school he can't even spell right yet.