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Financial Market Predictions Today? (VAnity)
n/a | 11/08/2007 | Me

Posted on 11/08/2007 6:25:59 AM PST by RSmithOpt

Any fiscally minded folk care to speculate on what the DOW, NASDAQ, S&P, Bonds and Currency markets will do today after the 'dip' yesterday??


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: economy; financial
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To: RSmithOpt

I predict the DOW will vary in its level.


61 posted on 11/08/2007 9:32:21 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: RSmithOpt

DJIA down 111 now. If this keep up it will be worth $5 by Christmas.


62 posted on 11/08/2007 9:34:22 AM PST by RightWhale (anti-razors are pro-life)
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To: icwhatudo
could the weak dollar actually be good

That means your economy has some severe problems and is circling the drain.

63 posted on 11/08/2007 9:35:50 AM PST by RightWhale (anti-razors are pro-life)
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To: RSmithOpt

If we can get our debt down to a more reasonable level, we lessen the risk any foreign dumping would spike our interest rates and crash the economy, as drying up the debt supply would offset that. With that threat lifted, the dollar can float a little more comfortably.

A lower dollar would breath life into exports. That would take pressure off consumption, meaning if people would live within their means, we could reduce consumption and not crash the economy, especially took some of their budget surpluses and cut taxes.

Productivity gains in particular would keep inflation down so we don’t paper over our debts. That’s the cool thing about economics, if you have the fortitude a nation can dig itself out of a hole.

BTW, they’re pounding the crap out of the market trying to sell it down. As of now bid/ask volume is nearly 2-1 over tick volume, indicating that though selling they aren’t moving the market much. Volume has jumped in the last hour but not spectacular for the day, mostly there’s a lack of buying rather than big selling.

But, we have broken trendlines and the 50% retracement level, which tilts us bearish, we’ll see how much we’ll retrace.


64 posted on 11/08/2007 9:47:08 AM PST by Free Vulcan (No prisoners. No mercy.)
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To: Free Vulcan
I've noticed in the past that heavy volume was considered 4 million plus in the '90's. Today, I don't know what that is for the DOW.

Large hedge fund managers that have gone short on some stocks but, in the wrong sectors with the average mutual fund manager and individual investor sitting tight?

FTW, I bailed 2 months ago in a 401K mutual (1/4 of the total amount was invested in that fund) that was heavily weighted in financials. The very ones (top kicked dogs) that are in the news and that group even has my mortgage....funny. But, appears I timed it, made OK money in 2 years and rebalanced that to international mutual fund and bonds.

I'm pretty much ignorant with the techs of market movements (commodities too), but when looking at 10 year charts for the major indices in the past, I noticed a pattern on the volumes before the bulls and bears started running....I have to agree now with your comment:

"But, we have broken trendlines and the 50% retracement level, which tilts us bearish, we’ll see how much we’ll retrace"

I think our Central Bank, the IMF, etc., that are obligated to the concerns of governments and global economy are working behind close doors to soften the slide for the US economy.

I wish my company's 401K had funds for basic commodity sectors, like energy and metals funds, whatever.

65 posted on 11/08/2007 10:09:18 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: SaxxonWoods

Well, true. But keep in mind that the U.S. dollar is trading about 40% lower (if not more) against many of these currencies than it was a few years ago. Foreign investors have no problem investing in the U.S. these days, but they are basically demanding a huge discount on their purchases.


66 posted on 11/08/2007 10:11:20 AM PST by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
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To: RSmithOpt

NYSE will be closed after 3,000 point circuit breaker violated to the downside.


67 posted on 11/08/2007 10:11:46 AM PST by steve86 (Acerbic by nature, not nurture ™)
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To: RSmithOpt

The market climbs a wall of worry......


68 posted on 11/08/2007 10:12:43 AM PST by bert (K.E. N.P. +12 . Moveon is not us...... Moveon is the enemy)
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