The Dow's freefall
From it's high of 14,164.53 on Oct 9 2007 the Dow has fallen to 7,552.29, it's lowest point in six years and a major indicator of the shape of our economy. At what point does everyone think (and why) it will bottom out?
I feel it has a ways to fall still. There is another wave of bad mortgages coming due next year before the last of them is finished. I think the Dow will settle around 5,000 late next year and then level off. At least I hope it doesn't fall any further than that.