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Re: How Low Can It Go?
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Originally Posted by Schneed10
I wholeheartedly agree with the economic theories you're discussing here (and I've sung them from the mountaintops myself within these forums).
But I think a good deal of the expectations of poorer earnings were priced in around the time Obama was elected, and certainly were priced in by the time details of his stimulus bill were made available. I think the fundamentals support a bottom no lower than Dow 6000. Any decline below that point will be as irrational as the exuberance noted as same by Alan Greenspan in the late 90s.
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Agree. I've just got a little less faith than you do in folks being rational. 
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