Tuesday, January 22, 2008

Dow 9,000 prediction fulfilled

As at the time of writing, the Dow is 11,820.24 and gold $875.90/oz. The Dow/gold ratio is therefore below 13.51 and has (perhaps fleetingly) fulfilled Robert McHugh's prediction.

Whether the Dow falls below 9,000 nominal in the course of a severe recession is something we shall have to see.

4 comments:

RobW said...

Does this mean we should get the party poppers out?

Sackerson said...

... or the party poopers?

Anonymous said...

congrats from norway for you perseverance!

Jim in San Marcos said...

Pooper Scooper is my choice.