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How low will the DOW go?

Old 02-24-09, 09:32 AM
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How low will the DOW go?

Below 7000, today.

That is my guess.
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Old 02-24-09, 09:54 AM
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Originally Posted by hos13 View Post
Below 7000, today.

That is my guess.

Let's hope not.

The market, unlike the public, can't be fooled with these silly entitlement and socialistic programs.
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Old 02-24-09, 09:54 AM
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Originally Posted by hos13 View Post
Below 7000, today.

That is my guess.
7000 by march. today it will probably go up a little and stay around the 7200 mark.
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Old 02-24-09, 10:14 AM
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Originally Posted by ModoVincere View Post
7000 by march. today it will probably go up a little and stay around the 7200 mark.

+1. My crystal ball says the market will be flat for awhile to come, then possibly rally a bit before hitting maybe a low of 6000 by end of summer. With any luck indicators will start pointing the right way by end of year and the market will start a slow steady rise beginning in early 2010.

Oh yeah, gas won't break an average of $2.50/gallon this year either, except for occasional spikes around major holidays.
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Old 02-24-09, 10:16 AM
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Originally Posted by palesaint View Post
+1. My crystal ball says the market will be flat for awhile to come, then possibly rally a bit before hitting maybe a low of 6000 by end of summer. With any luck indicators will start pointing the right way by end of year and the market will start a slow steady rise beginning in early 2010.

Oh yeah, gas won't break an average of $2.50/gallon this year either, except for occasional spikes around major holidays.
or massive hurricanes destroying infrastructure.
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Old 02-24-09, 10:19 AM
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I'm holding off until it reaches 0, then I'm going to start buying.
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Old 02-24-09, 10:25 AM
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Originally Posted by WJ13US View Post
I'm holding off until it reaches 0, then I'm going to start buying.
buying with what? If its zero, your money is worthless.
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Old 02-24-09, 10:30 AM
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With the 4th Q numbers that are coming out, I figured it would really tank today. Maybe not.
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Old 02-24-09, 10:47 AM
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Originally Posted by Airwick View Post
Let's hope not.

The market, unlike the public, can't be fooled with these silly entitlement and socialistic programs.
The market is simply the aggregation of millions of trades by millions of people. And the last 15 years has shown that millions of people can be fooled which is reflected in the various ups and downs of the market.

My guess is that the bargain hunters will drive the dow up a hundred or two points today but this week will be up and down and finish below 7000.
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Old 02-24-09, 11:11 AM
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I reckon that if any of us knew the answer to this one, we'd be hitting the options market hard and making a killing when the price hits the level we know it's going to hit.

Given the real world, I have one theory.

Stock prices either go up, or they go down, or they stay where they are. In the recent past there's been much more going down than going up.
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Old 02-24-09, 11:12 AM
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Thinking about it, I suppose that's two theories.
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Old 02-24-09, 11:57 AM
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Oh yes, the market is always an accurate reflection of reality; it never gets fooled.

Originally Posted by Airwick View Post
The market, unlike the public, can't be fooled with these silly entitlement and socialistic programs.
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Old 02-24-09, 11:58 AM
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-563. Can the Dow go into negative numbers?
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Old 02-24-09, 12:00 PM
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Originally Posted by UnsafeAlpine View Post
-563. Can the Dow go into negative numbers?
what are you majoring in?
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Old 02-24-09, 12:04 PM
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I love the way it makes my 401K numbers go down so much. Those bigger numbers were too complicated to understand anyway.
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Old 02-24-09, 12:08 PM
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I figure the DOW will bottom out between 5500 and 6000 before it finally starts a gradual recovery - that is - if the government would stop acting to prevent the recovery happening in the first place...
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Old 02-24-09, 12:22 PM
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Originally Posted by Velo Vol View Post
Oh yes, the market is always an accurate reflection of reality; it never gets fooled.
No one said or implied that, VV. However, large segments of the market are controlled by very wealthy men, large conglomerates, who understanably will not participate in socialism. Back at you with the rolled eyes,.
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Old 02-24-09, 12:24 PM
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Originally Posted by ehidle View Post
that is - if the government would stop acting to prevent the recovery happening in the first place...
Agreed. that's our only prayer,........
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Old 02-24-09, 12:25 PM
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I believe a good portion of the market dive is from people selling off a lot of their profits now that they're in the 50 to 60 year old range. It's a great time to be buying big name, long term proven companies.
Harley at $10? I'm buying baby.

All the EMO whiny 20 something year olds at work at are just crying. I keep telling them they should be buying but typical "all about me, now,now,now" attitude, they would rather wait until the market is crazy hot. They can't seem to understand that buying at $20 is better than $40 if they want it to grow. That's one of the goofy things about the market, the average person wants to buy high and freak out and sell low.
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Old 02-24-09, 12:27 PM
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Originally Posted by klondike300 View Post
I believe a good portion of the market dive is from people selling off a lot of their profits now that they're in the 50 to 60 year old range. It's a great time to be buying big name, long term proven companies.
Harley at $10? I'm buying baby.

All the EMO whiny 20 something year olds at work at are just crying. I keep telling them they should be buying but typical "all about me, now,now,now" attitude, they would rather wait until the market is crazy hot. They can't seem to understand that buying at $20 is better than $40 if they want it to grow. That's one of the goofy things about the market, the average person wants to buy high and freak out and sell low.
Long term proven companies?
Like GM, Ford, and Chrysler?
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Old 02-24-09, 12:32 PM
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What sucks is that with the stock market in the crapper means that every company out there, down to the H. E. B. (Texas grocery store chain) has a hiring freeze for everything but people with J. D. s.
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Old 02-24-09, 12:37 PM
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Originally Posted by ModoVincere View Post
Long term proven companies?
Like GM, Ford, and Chrysler?
Heck no. They are tempting at the prices though. I'm sure Obama will find a way to keep them afloat. How else will he gather votes for the next election? Shouldn't he be campaining again by now?
BTW, I don't think Chrysler is publicly traded anymore since they merged/got bought by Daimler.
I wish I spent as much time looking at companies as I do at Foo. I'd probably be a rich guy by now. But then again, Foo is much less depressing.
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Old 02-24-09, 12:42 PM
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Originally Posted by klondike300 View Post
Heck no. They are tempting at the prices though. I'm sure Obama will find a way to keep them afloat. How else will he gather votes for the next election? Shouldn't he be campaining again by now?
BTW, I don't think Chrysler is publicly traded anymore since they merged/got bought by Daimler.
I wish I spent as much time looking at companies as I do at Foo. I'd probably be a rich guy by now. But then again, Foo is much less depressing.
No...Chryco is a privately held company at the present time. But they are still a great example of what was once considered a blue chip stock and how there really is no "safe" play in this market at the present time. Well, unless you can find anything still high enough to short sell.
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Old 02-24-09, 01:41 PM
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Originally Posted by Airwick View Post
Let's hope not.

The market, unlike the public, can't be fooled with these silly entitlement and socialistic programs.
What planet are you living on??
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Old 02-25-09, 09:43 AM
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Originally Posted by lauren View Post
You obviously don't ride motorcycles.

Not lately. Never at home any more. They are making nice coat racks and bicycle tube hangers lately though. Let's see. The Harley has two jackets, pair of chaps and helmets on it, the Yammy has two tubes and camelback on it, and the Kawi just got fresh tires so it is actually junk free at the moment.
I do know a bunch of old riders who have had Harley stock and did massive sell off last year. A couple bought new bikes with theirs because it has split and grown enough since they went public to more than pay for itself. If I can buy a bunch at $10 right now, you better believe I will. Once the rest of the economy stabilizes itself out, people start buying "toys" again. Should be a nice long term investment. It has historically hung around the $30 to $40 range. I'm not a short term, give me money now guy. I'm almost 40 so I've got time to build a portfolio to compliment my TSP, etc.
Crap, now I want to jump on a plane and head back home and go for a ride.
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