[quote=dale06]Was on a conference call this morn with some so called experts from a major investment firm. They were slightly bullish. They think the Dow will completely recover in 12-18 months. Actually it’s done 50% of that already. Some stocks, hospitality, airlines as examples will struggle for longer time.
My reply would’ve been:
“Guys, that is fantastic news to hear. Listen, we want to go after money on the sidelines right now, and we feel people are eager to jump back in, so would it be asking too much for you guys to produce some charts for us, that shows the last time we had a minimum drop of 4.8% in GDP with no fewer than 26+MIL on unemployment produce the 12-18 month turnaround you just described, so we can utilize those charts?”
Oh…to hear the dead silence on the other end….would have been gold….
I’m not saying they’re right, and I’m less bullish. I would expect their answer to your question to be, “under those conditions you mention, the DOW is up roughly 6000 points since its bottom 4-5 weeks ago, and that about 30%.”
