the DOW is in a long downtrend..as predicted I said it would fall at the end of May and it did..
whether it falls to 5000 as nickoo says is uncertain...8000 is a likely scene...this would not cbe a catastrophe..it would see GE trading at $26 instead of $32...
a fall to 5000 would be a serious blow to the world economy...it would take 10 years to recover from such a fall
gold and cash will be more popular than shares..whether gold will se $500 US an oz is debatable..mayge a slight gain from here...
it has to be poited out that I was the only poster on HC who predicted the end-May crash and as usual I was criticised and as usual i was right
now that gold has had its run, the next stocks to go will be other metals
