Maxine says,
"Tiger, just for interest sake, the Irish index has fallen @ 80% from its peak. Two years ago they had more wealth per capita than the US and now look where they are. Property has fallen about 30% also. They are pretty stuffed."
Must confess don't know much about the Irish index. US markets were over valued no doubt. Is it possible the Irish market was more over valued than US? I suspect so as you did state the Irish had more wealth per capita than US. Obviously wealth on paper, not real terms.
At the end of the day its a stretch comparing US market to the Irish market. Still I stand by my original comment DOW will not go to 3000 let alone drop to 3000 in two weeks.
Love a robust discussion, even a little debate, but this is a dream as big as you can dream session. Or is it Nightmare?
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