re: dow jones will go under 10000 - 4 belmore pts
Sorry for the delay in responding, things to do.
The dow topped in the current upswing at then of Dec. beg. of Jan. it has been in decline since then with two upward rallies bot of which have ended lower than the high of the previous one. The suggestion of a drop to 9000 is the break out point of the major turnaround started last year and it is not uncommone for a correction to occur to this level.
I do not suscribe to the doomsday theory put forward by others on this thread. Sure investment property values will decline in the short term but Australia's population is growing (1,000 p.w. in Sydney) and folks have to live somewhere.
Debt is usually taken care of by inflation which is why deflation is such a nasty ting and to be avoided at all costs. The % of debt in Australia to wealth is not particularly high n Austalia so there are no major concerns; the odd bush-fire maybe but that is about all.
