11,500

So it's coming, a big correction is looming and you have to ask yourself, do you have cash on the sidelines ready to take advantage when the time is right?

JJ: i wonder if this is the beginning of the 20% correction
JJ: down to like 11,500 for the DOW
JJ: i think some of the more conservative types
JJ: (including the Fed)
JJ: think that is a more realistic level

John: I agree the recent economy is way over inflated and one has to ask what has the recent good times been based on? The apple iPhone?

To me, it's all false hope that has been driving the recent good times. The average cost of living for america has gone up and the average worth of a dollar has gone down. Meanwhile... salaries are not moving. What it means is... America is buying on borrowed money. America is living on borrowed money and frankly... in the short term it means, as my buddy JSeezieFoShizzie likes to say, "sexy times"

People are getting what they want. But now... now that they have maxed out their credit cards, they're coming back down into reality "that shit... I can't spend like I used to" and "oh man, that 'credit' thing is kinda important."

So now... back to normal spending... and worse for the economy it's time for the consumer to start paying back what it borrowed. So with that being said, YES! the DOW should be back around 11,500. I hope to see you all there with money in hand.