United States Economic Crisis: Stock Market Rally Ahead: After That Then What

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Saturday, January 17, 2009

Stock Market Rally Ahead: After That Then What

Stock markets around the world have started 2009 as they did last year. The big bear market continues. But is there a bottom in the near future? Some market statisticians are predicting a new low in the Dow Jones and other indices. This would be below 7,449 in the Dow. However, how far will it go?... Sign in to see full entry.

posted by theapproachingwinter at 11:43 AM | add or view comments (0) | leave calling card | link to this | view only this entry

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In my first book The Approaching Winter: The Next Great Depression I wrote, “In my opinion, the causes of the next great depression will be clear: An unseen reversal in psychology from optimism to pessimism was the catalyst to a bear market in stock exchanges in 2000. Basic economics and common sense were abandoned as government leaders, in their insatiable thirst for power, ignored the warning signals of the largest national and personal debt in history and an extreme over-extension of credit. The bursting of the credit bubble, along with the crash of the stock and housing markets, ushered in fears of deflation and a contracting economy. And that will produce a downward spiral of despair and the greatest U.S. depression of all time.”

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