c**********e
发帖数: 2007 | 1 True, in great depression, market lost 89% from peak.
But remember, in 1929, dollar is tied to gold at $20.5/ource.
People were using Gold money. There was no way for Fed/Government
to produce money.
Now we are using PAPER money. Fed/Government can printing dollar
freely.
Furthermore, there are many trillions of dollars are at sideline,
they are looking for opportunity to come in.
Market can definitely make new low from here, but 3000 is unlikely,
JMHO. | y*******w
发帖数: 5917 | 2 Totally agree, from every sign, the US government is determined to print
money as much as needed to prop up the numbers.
【在 c**********e 的大作中提到】
: True, in great depression, market lost 89% from peak.
: But remember, in 1929, dollar is tied to gold at $20.5/ource.
: People were using Gold money. There was no way for Fed/Government
: to produce money.
: Now we are using PAPER money. Fed/Government can printing dollar
: freely.
: Furthermore, there are many trillions of dollars are at sideline,
: they are looking for opportunity to come in.
: Market can definitely make new low from here, but 3000 is unlikely,
: JMHO.
|
|
