Posted on 01/20/2016 9:51:55 AM PST by Leaning Right
If you care to, make a prediction as to where the Dow will bottom out, along with a defense of your answer. Who knows, if you hit it right on the nose CNBC might offer you your own show.
Side note: I'm thinking about starting to gently dollar-cost-average into some energy and precious metal funds. But maybe going to the racetrack is a better option.
Market’s on sale. Stay in and invest now. That’s the whole idea: buy low, sell high.
I think oil will rebound at some point and your dollar averaging strategy is a good one.
I’d be worried, but Obama keeps telling me we’re in an economic recovery. </sarc>
I got out of the market in 2007. It was like getting out of Dodge just before the tornado came through town. I have not been back and I sleep well at night.
the dow is a manipulated reflection of what is hot... thus being overpriced for a long while... if it was mostly industrial than i could say it was a good reflection of the economy...
it will be back at 7000 by the end of 2016 and on a promise of returning to strong banking principles, bernie sanders will not be elected president...
I predict the market will go to...42!
I decided in Dec. that I had lost all I was going to and sold every share of stock I had the last few says of the year. Glad I did so as not to lose even more and the only consolation is some tax write offs to carry over for a few years.
I am done with Wall Street, am in cash and real estate. I am too old to wait around for years for it to recover.
The next recession is starting, and our present $450 billion government deficit will easily be at $1.2 Trillion within a year. You will see more states and municipalities going bankrupt. The US consumer is already at record debt levels, as are many corporations who gorged on cheap, Federal Reserve printed money to boost stock levels.
The failed Keynesians in the US Government and Federal Reserve will be like deer in the headlights of an oncoming truck. They will resort to negative interest rates, massive money printing, bail-ins of banks and all kinds of theft to keep the progressive-left machine running.
I would wait until these central planners show their hand first.
The boom the last 6 years is due mainly to the Fed keeping interest rates at ZERO
dow is currently down 430 pts
make that 450
14,009.
Today we’re at about 10% down from the 17,500 peaks. Significant, but not really enough to s**t the bed over.
So I say it does 20% overall which gives 14 even (80% of 17.5k).
Then I pick the next highest prime number so I can look smart.
This results in 14,009.
Don't try catching falling knives.
The Fed's out of bullets.
Watch transport numbers.
Bear territory is around 14,700.
; )
I’m young. I don’t care about money. It’s nice to have, but I know I could survive on the streets if I had to. My mother raise my brother on me on very little. If have savings in retirement, fantastic. Otherwise, I’m just letting it ride.
Will drop to around 14,000 test that, fall down to 12,000 test again, maybe dip just below then rebound, all by end of calendar year. I’ll call bottom at 11,500.
It can't go below zero, so it should bottom out somewhere around there.
You must not have any oil holdings. I have to decide between a 90% loss selling now, or gamble the market turns around and I can recoup some losses. If I do the latter, I risk 100% loss from liquidation. Oil has me shocked right now.
I don’t care.
My banker liquidated much of my portfolio last week. My other holdings are in utilities which are dividend monsters that are re-investing. My Spectra Energy is paying a 6.4% dividend.
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