The masters of the universe are saying 8000 on the DOW will be the bottom. Thats what I like about experts, they always have an expert opinion of something they don't know shit about. GM took a huge hit today. It will need a government loan to stay afloat. Its been a terribly run company for decades.
Its a shame for retirees that were planning to retire in the next 5 years because most of there portfolios will have dropped 40% this year.
My hope is that we're headed for a depression and somebody will finally wise up and put this country back of firm financial grounds. Do away with the fiat money system, completely revamp the stock market. Do away with hedge funds and the futures market for a start.