Back in October, 2008 I predicted that Nasdaq and Dow would reach their bottom in December while for January 01, 2009 my bet was 7140 for Dow and 1325 for Nasdaq.
However at the end of November both indexes stabilized and have not shown any decline for more than 2 months. Until now.
My bet was very close to today's close values. 7114 for Dow and 1387 for Nasdaq (February 23, 2009).
Obviously investors did not like Obama's stimulus plan or the way it is handled and take their money.
Tuesday, February 24, 2009 1:27 AM