CNBC: Dow Will Fall to 6,300 in 2 months, 4,200 in 2 years

POSTED BY: piratenews
UPDATED: Thursday, October 8, 2009 19:08
VIEWED: 1043
PAGE 1 of 1

PIRATENEWS

Wednesday, October 7, 2009 1:59 AM

Quote:
With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights.

“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”

video: www.cnbc.com/id/33179408

That must be Obama's jobless recovery...

BTW Dow Jones is owned by Commie China, after Bejing residents Rupert Murdoch and his Red Chinese wife Deng Wen Di bought it, along with Wall Street Journal.

PIRATENEWS

Wednesday, October 7, 2009 3:06 AM

That's what happens when the "Federal" Reserve Accounting Unit Dollar F.R.A.U.D. collapses.
http://fireflyfans.net/mthread.asp?b=18&t=40283

And this scam hasn't even started yet:

Cap and trade could be devastating to taxpayers
www.billingsgazette.com/news/opinion/mailbag/article_599e0a06-b148-11d
e-a165-001cc4c03286.html

JEWELSTAITEFAN

Wednesday, October 7, 2009 8:39 AM

Quote:
Originally posted by piratenews:
Quote:
With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights.

“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”

video: www.cnbc.com/id/33179408

Oh, sure. When was the last time CNBC had a clue about money or the market? The same dips that said to keep your money in the market all of 2008 while the market lost 60% of value.

On the other hand, this proclaimed 35% drop will offer another prime money-making opportunity - so bring it on. Maybe then the obamination voters will wise up.

BYTEMITE

Wednesday, October 7, 2009 2:17 PM

Cap and Trade is pretty stupid, and that's even coming from someone who thinks global warming is a problem. At least storm and coast and glacier-wise.

We ought to be moving automobiles and other concerns to renewables anyway, just for energy dependence. And we also have to try not pollute ourselves until we're sick, and clean up after ourselves, both for health reasons and economic investment reasons.

Cap and trade isn't the way to do any of that, because the big business will just buy up all the licenses to pollute, and starve out little guys who would be much easier to clean up. It doesn't solve the problem.

KWICKO

Wednesday, October 7, 2009 5:28 PM

Is that the same CNBC that was completely taken by surprise by the economic collapse that took place under Dubya Bush, the one which resulted in the stock market losing nearly 50% of its value, and which they never saw coming, even when it was right on top of them?

Is this the same CNBC that still employs "Mad Money" host Jim Cramer, who was telling people to "Buy!Buy!Buy!" Bear Stearns and Lehman stock?

If I were going off their track record, I'd have to say the stock market is more likely to GAIN 35% or more over the next two years!

Mike

The percentage you're paying is too high-priced
While you're living beyond all your means;
And the man in the suit has just bought a new car
From the profit he's made on your dreams

PIRATENEWS

Wednesday, October 7, 2009 6:46 PM

The collapse of the "Federal" Reserve Bank F.R.A.U.D. "dollar" is desired by the banksters to overthrow USA for their NWO, and desired by other nations like China, Russia and Iran to stop Obama, Congress and the Pentagon from funding the Iran War (WW3). So it's not lookin good for US.

Quote:
Originally posted by Bytemite:

We ought to be moving automobiles and other concerns to renewables anyway, just for energy dependence.

All cars should be made out of hemp:

www.natural-environment.com/blog/2008/07/10/lotus-goes-green-with-hemp
-car/

DREAMTROVE

Wednesday, October 7, 2009 6:48 PM

This disturbs me. Looking at the data, knowing what I know, I would have made the very same prediction, possibly identical. That *is* what the data suggests.

However, I also know that CNBC is always wrong. Maybe it's time to buy

OUT2THEBLACK

Thursday, October 8, 2009 6:50 PM

Quote:
Originally posted by piratenews:

The collapse of the "Federal" Reserve Bank F.R.A.U.D. "dollar" is desired by the banksters to overthrow USA for their NWO, and desired by other nations like China, Russia and Iran to stop Obama, Congress and the Pentagon from funding the Iran War (WW3). So it's not lookin good for US.

All cars should be made out of hemp:

www.natural-environment.com/blog/2008/07/10/lotus-goes-green-with-hemp
-car/

Some of the 'Paper' WW2 drop tanks made of non-startegic materials actually contained either hemp or sisal reinforcement , and were strong , light , and 'renewable'.

From 'Bud' Anderson's webpage :

http://www.cebudanderson.com/droptanks.htm

Clarence 'Bud' Anderson was a wingman of Chuck Yeager during WW2 . Chuck don't impress me much , but Bud is a cool dude...

NIKI2

Thursday, October 8, 2009 7:08 PM

Damn, Mike, you beat me to it.

Quote:
Is this the same CNBC that still employs "Mad Money" host Jim Cramer, who was telling people to "Buy!Buy!Buy!" Bear Stearns and Lehman stock?

When I read that, I actually laughed out loud. I saw Cramer on--I think it was the Daily Show--and he was contrite but cheerful about how far off he'd been...was a good sport about it, but that doesn't change the fact that neither he nor CNBC have a clue. It's entertainment, folks!

PN, your head is up your ass. If you spent 1/100th the time looking up things that weren't blatantly assininely stupid, maybe you'd come up with something worth reading or clicking on. As it is: not so much.

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