grim predictions from my friend Gavshire Hathaway (aka the oracle of Burien)
- Me : you really think the dow will drop below 10K?
- Gavin : what's another 1,200 points?
- Gavin : our banking system is bankrupt
- Gavin : our dollar is collapsing
- Gavin : credit is being revoked
- Gavin : jobs are being lost
- Gavin : GM will be bankrupt within 1 year
- Gavin : shareholders have gutted their companies via outsourcing, flipped short term gains, and the middle class is now strained under massive debt
- Gavin : we'll be lucky if this doesn't become a depression
- Gavin : 100 bux says it falls under 10k
- Gavin : 1 year time frame
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- he's been shorting the market for awhile and making nice returns... wish i had listened to him awhile ago. Although my portfolio is mostly exposed to one early stage internet startup these days
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