Come on!! I'd love to know what you're on !!
You make a few valid points, but remember.....the current stockmarket structure is simply geared to where the big money (institutions, superannuation funds, trust funds etc) go.....this money gets churned around, wherever the so-called fund managers think the best returns will come from. Sure, the Bears are ruling now, but 3000?? The DJIA is only THIRTY stocks, remember.
Will all these 30 Companies lose 70% of their value??
If u want to get real, start looking at REALITY indexes...like the S&P 500 and the Wilshire 5000 (this is the Index that Greenspan watches, not the Dow).
The Dow Jones is past it....50 years out of date.
Unfortunately, most people still treat it as the Bible.
Short sell at your own risk....but I wish you luck (you'll need it!! ).
TRUBEAR
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