wednesday wobbly, page-98

RegularASX,

So half of all major companies would need to go bust.......

Do you mean companies like General Motors and Bear Stearns?
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Red

I've said what I had on the subject. I expect the market to pull down a bit but not to 400 points! So, I am not one of those eternal optimists even though I am an optimist as well as realist.

Do us a favour, please.

Could you please work out an average share price of all listed companies that would contribute to DOW's fall to 400 points? Once you work out their would be SP, could you please also work out the market cap. of each company and see if it would be justifiable or possible?

Once you work out these numbers, could you present them to us and comment on them? And what do you think, how many companies would go bust before DOW falls to 400 points, based on your analysis and numbers you have crunched?


Why DOW would stop at 400 points if it was to fall to 400 points? Is it because some guy draws a line and it then magically happens? Why not 40 points? If it was to fall from 10,000 points to just 400 points, it is really not hard to imagine then a further fall to 40 points, right?

He could be the best chartist in the world but IMO and FYI I think he is a delusional person if he thinks it will happen.

This is my last comment on the subject.


I am happy to give my money away if it does happen. :)