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By Richard Fernandez

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The Care of Time

July 8, 2010 - 4:53 am - by Richard Fernandez
Eggplant
2010-07-09 16:44:23

Josh @ 169 said:

“Well, the Japanese market fell 70% from the peak and stayed there for a decade. That would put us at about Dow 5000 until 2018, and make buying anything now a very bad idea.”

Many people on the Internet are saying that the Dow will bottom somewhere between 5000 and 7000 after the PPT is done playing games.

Josh also said:

“Have to give Paulson, Geithner and Bernanke this much props – they have held off the apocalypse by something over two years now. There is just no telling what happens next. So I suppose the market remains mostly paralyzed – and mostly managed secretly and illegally, as it has been I think pretty much since 2001 and maybe longer.”

I agree that serious trouble with the economy began after the Dot-Com imploded (the collapse in autumn 2008 was an aftershock from the Dot-Com). However I’m of the opinion that the illegal equity market manipulation didn’t really begin until March 2009.