The Race To The Bottom Begins

Posted on Mo 06 Oktober 2008 in misc • 1 min read

  • 401K
  • Economy
  • Trends tags:
  • 401K
  • Monte Carlo
  • S&P500 meta: _edit_last: '5' _aioseop_keywords: Monte Carlo, Simulations, S&P500, Predictions, Trends, 401K dsq_thread_id: '181044096' author:

    My friends, these are the times that try men's souls.  I believe we are starting "the race" to the bottom (or not).

    We're seeing panic all over the markets right now,'' said <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Javier+Barrio&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1">Javier Barrio</a>, head of equity sales for Spanish clients at Banco BPI SA in Madrid.Governments are taking steps to try to reduce investors' fears but confidence is weak.''[via Bloomberg]

    The scary thing is that one of my simulations show the S&P500 could reach 700 rather quickly.