Al Capital

What Happens When Banks Are Nationalized

Simple reasoning indicates that DJI headed to 7500 (based on removing the gains since the housing bubble) but can go below 4000 when you factor in the positive (self-enhancing) feedback of the continued loss of capital and credit (unless the Feds can stop that from happening). The only floor is found near 2000 under a global meltdown scenario. Recovery under the worst case scenario is greater than 10 years. Be careful with your funds and your clients funds.