raising4daughters

Today Might Have Market the Bottom or Top of ... Something

Nice article until your last phrase "in some Mad Max distopian future." You're joining the chorus of end-of-world singers that signals we're close to a bottom. Dow 8,500 puts it right back on the long-term trend line. Since we're back on the long-term trend line, it's fair to assume that we've got a 50/50 chance of being higher a year from now.

Ford, GM, and Chrysler have too much capacity (due to emergence of transplants) and the market left alone will sort that out, not without pain, but it won't kill the nation.