They're extremely stable if bedded and inlet correctly, and tend to have magnificent long range performance.
mods, please change title to 6000... thanks
Have to be careful extrapolating linear trends over long time horizons. Stocks tend to follow an exponential growth pattern - compounding and whatnot. Perfectly natural and reasonable for them to do so.
Or run for office! Looks like a 20 yr credit bubble is the real deal...Greenspan ain't so smart after all. Then again, a lot of ppl got rich during that span.
Market is coming up.
The market is overswold, panic sellers.
I’m guesssing (betting) the bottom will be around 7700. I’m no pro, by any means, just what I’ve pulled together from MANY different opinions.
Well,
I predicted 8k for the bottom when it was around 12.... Now that was long term prediction, not this short term rapid drop. Keep in mind folks, you have a natural drop right now being enhanced by further manipulations in the economy by folks like Soros.. Once the election is over, those manipulations will stop, regardless of who wins.
They dow will not freefall forever, it may continue to trend down, but its not going to keep dropping 500+ points a day indefinately. Many of the companies being dragged down by this fear rally are quite stable companies that are benefiting immensely from the broader downturn and cleanup.
I think the end bottom for the dow may be lower than my original prediction months ago at this point, but I don’t believe its the “END OF THE WORLD”. Look for value and for companies that do something that do well when money is tight. Or perform consistently even in bad times. There have been a LOT of boring companies that have been ignored because there were more exciting plays... most of those will still be standing and be stronger than ever when this mess clears out.
Different companies with different earnings potential operating in different political climates having very different alternative investments.
But sure, go ahead and draw the line and compare 80 years ago.
Glen Back said to buy extra food...
Sorry to hear you are planning to become a lawyer. If your mother doesn't know yet and you can play the piano you can always use the time honored lie about being employed in a "house of ill repute".
People will be jumping out windows and off bridges if DOW goes below 7000..............
The post depression era in the stock markets extended all the way to 1953 or so.
Start your line there.
Financials are up - and Bush is speaking soon. My guess? Money will be pumped into that sector. A new “bailout” announcement that will work as well as the last one...
buy a shotgun, plenty of ammo, food, water and first aid supplies.
I read this caveat to mean that you are giving me financial advice that a licensed professional would offer, and that I may make sound decisions upon it, and that I may initiate a lawsuit if anything untoward happens.
Freepmail me your address, please.
(it's being driven by the dems to create 'the sky is falling'... which i have noted for over a year now)
Before settling back to that level, it may go as low as 4500.
Yup.. sell all positions(cash out)..
Buy them again at the bottom of the fall..
For all 401k's(and other instruments).. you're screwed..
They're extremely stable if bedded and inlet correctly, and tend to have magnificent long range performance.
I work hard for 40 years.. and Now... well at least I get the Max SS benefits.. Guess they were right.
NO smart ass remarks from all you younger folks... I worked and I earned.. and now I am really pissed.
(Oh and yes, I moved into bonds and Money market.. I am still getting clobbered...)