shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 538
I never thought I would hear in my lifetime any serious talk of 1929 unfolding again yet Cramer threw that scenario out as a possibility on his show last night 10/10.
He also believed that a worse case scenario has the DOW at 6000 by end of trading on Tuesday.
He was advising people to come back into the market with a quarter of the 20% he said to take off the top both Monday and Tuesday.
He seemed to indicate the 1929 scenario as the least likely but he went to talk about the difference now from 1987 and commented the 1987 scenario is Bullish at the moment.
He also believed that a worse case scenario has the DOW at 6000 by end of trading on Tuesday.
He was advising people to come back into the market with a quarter of the 20% he said to take off the top both Monday and Tuesday.
He seemed to indicate the 1929 scenario as the least likely but he went to talk about the difference now from 1987 and commented the 1987 scenario is Bullish at the moment.