Friday, October 10, 2008

DOW 0


Reliably predicting events even a few days in the future is never easy. But this time, I think it's pretty obviously straightforward. Lead-pipe domain. Assuming a continued steady and daily 500 point drop in the Dow Jones Industrial Index (which is looking pretty optimistic at this point) when will we finally reach Dow=0?

Why, on November 4th, of course. When else could it possibly happen?

I expect CNN and others to have some "Countdown to 0!!!" graphics up by the afternoon.

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