Quote Originally Posted by trendy View Post
I believe the Dow heading to 8k and then will turn. 8k is the support level on the long-term linear growth charts. Last 10 years of exponential growth are over. We will not pull out of recession until 2010 at the earliest.

Guys you wouldn't believe the level of personal debt Americans hold. It makes Kiwi's personal debt levels look like a drop in the ocean.

We know some people earning US$300k who are maxed out on all credit lines....it takes years of easy and low cost credit to get a culture in this position.

It's all coming home to roost now.
Not far now to 8000.....but will be 2010 at the earliest before we pull out of recession. Trust me everyone has stopped spending their discretionary income.