[rohry]

I'll be leaving on Monday. Let's do a survey on where the markets will be when I get back (around September 8).

Here are mine:

Dow: 7,000

NASDAQ: 1,050

S&P: 750

Gold: $330

Silver: $5.20

[stalin]

I didn't go online to read a book.

[Plunge Protection Team]

bump for later (review of guesses)

[RightWhale]

8 Sept 02 is it? Here you go:

Dow: 9200
NASDAQ: 1,150
S&P: 790
Gold: $320
Silver: $5.20

[rohry]

Market WrapUp is delivered...

I'm still reading my 1,500 page book. Go here:

Crashmaker

Here is part of a sample review:

Crashmaker can be read on two levels. First of all, it is a very entertaining novel, with a gripping plot that will keep you in suspense throughout the book. Though entirely a work of fiction, it is humorous to parallel real people with the characters in the book, like the Ranscums, a despicable former president who along with his wife brought disrepute to the White House because of their numerous scandals, lack of morals and disregard for the law. And it is very amusing to read about the exploits of Allen Stillwell, the chairman of the Federal Reserve, who is a central character of this story. But while the book on this level is fun and entertaining, it is the second level that is of importance and the reason I recommend that everyone read this book.

 

Crashmaker challenges the reader. It asks each American what is required to achieve true freedom, and then thoughtfully and thoroughly explains how American freedoms have been lost by the creation of the Federal Reserve in 1913. Its establishment has created a monetary system that subverts freedom by violating the monetary provisions of the Constitution, thereby making possible

[BlackJack]

The Perfect Storm is coming. Informative web site.

[DallasMike]

When everyone is going short, and it becomes common knowledge that you can make money shorting stocks, it is time to think as a contrarian.

Interesting, but I read the same thing two nights ago in a book that was written in the mid-1990s. It was using individal stocks and industries (like the auto industry) as examples.

[Fracas]

I like this site because it provides a lot of information in one place. Thanks for posting this.

[mombonn]

Didn't read the post, but from 25 years of experience will tell you - CAPITULATION. At last. I've seen more desperate clients in the past few weeks than in the past 25 years.

The market is close to being oversold. If you have money to invest, begin dollar-cost averaging. A year from now, you'll be very happy.

[meyer]

OK, I'll make mine (which are based purely on hunches, dice, playing cards, horoscopes, astronomy, and other reputable sources):

Dow: 7,500 bottom, pause, then slow, careful climb. But first, a little bump on Monday and Tuesday, about 300 pts. I think its bottom will be within 2 weeks of your arrival back in the states.

NASDAQ: It'll drop to just below 1000, briefly. Then it will pause at around 1050 and climb slowly.

S&P: 800-850 at the bottom. Same pattern as DOW and NASDAQ.

Gold: $360, holding at that level for a while.

Silver: $6.00

That's it. Do enjoy your trip, business or otherwise. I fully expect to see you back here on 9/9/02.

[jwh_Denver]

Have a good trip. Take some gold with you, it may be necessary to come back.

DOW 7000

NAS 1100

SP 750

GOLD 350+

SILVER 5.25

[Wyatt's Torch]

DJIA - 7,600

NASD - 1,175

S&P - 780

Gold - $330

Silver - $5.15

[Lazamataz]

Dow: 7,000

I say DOW 6000-7000.

NASDAQ: 1,050

I say NASDAQ three digits.

S&P: 750

I like your S&P.

Gold: $330

I say Gold $335.

[Gritty]

Well, here's my guess:

DOW - 7500

NASDAQ - 1220

S&P - 780

Gold - $350

Silver - $5.40

Capitulation is not yet here. There's still some hope left in these bear market rallies so the breakdown will just continue to decline the markets until they are 1/2 of what they are today.

The big question is silver and gold. These markets are highly subject to manipulation. However, their sharp spikes today retraced some but then showed strength, so I think the precious metal markets are due for a breakout. The usual control was not solid on a day when the options expired. If they hit these above forecast levels, they may well go much higher, especially if the breakdown of the equities continues apace.

[Washington-Husky]

The markets between now and September, ah yes.... That's a tough one to predict between now and September, as there are still "imponderable" events looming in the background. If hostilities break out with Iraq, say, or if there is another major terror attack on American soil, all bets are off. Hell, there may not even be a Wall Street come September.

(I laughed when I heard Dan Rather on the SeeBS evening news tonight make a quip about today's market action: "The closing bell didn't ring today, it tolled...")

[Dukie]

Gee rohry, even Rukeyser's vacations are only for a couple of weeks at a stretch. This six week stuff is more like the later years of Johnny Carson on the Tonight Show.

OK here are my calls:

Dow 7355
Naz 1125
S&P 775
Gold 344
Silver 5.70

Your return will be close to the 1st anniversary of the attacks which might be tempting for al qaida to make another move. I figure a 25% drop on the stocks and a similar % gain on the metals in that case.

[Freee-dame]

The media is talking about the markets’ breakdown every day. Democrats are trying to blame it on the Bush Administration;

The politics of economic destruction is an expression I heard used yesterday by a Republican. I wonder why the media didn't pick up on it? <\sarcasm>

It's very discouraging to think that we have a Senate that would prefer that our whole economy went into the tank than that the Bush Administration would have any victories.

[Deuce]

Dow: 6700 after first bottoming under 6000 around 8/20
NASDAQ: 990
S&P: 890
Gold: $345 (not quite keeping up with yen and euro----yet!)
Silver: $5.20
Euro: 1.07
Yen: 105

[Ken H]

DOW: 9200

S&P 500: 920

NASDAQ: 1460

GOLD: 310

SILVER: 5.00

Rational: I'm using the Rohry contrary indicator. Since Market WrapUp burst onto the scene at FR, stock markets everywhere have tanked.

Therefore, in your absence, stocks will stage a nice bear market rally.

Enjoy your time off!

[Mr. Jeeves]

9/8/2002

DOW: 7200
S&P 500: 775
NASDAQ: 1350
GOLD: 325
SILVER: 5.00

9/8/2003

DOW: 5700
S&P 500: 610
NASDAQ: 820
GOLD: 410
SILVER: 9.00

9/8/2004

DOW: 3200
S&P 500: 350
NASDAQ: 375
GOLD: 850
SILVER: 25.00

9/8/2005

DOW: 2900
S&P 500: 390
NASDAQ: 400
GOLD: 1250
SILVER: 45.00

[StockAyatollah]

My 9/6/2002 (Friday) close predictions:

Dow: 6883 (But wait til October!)
NASDAQ: 1,250 (techs might be oversold, I see divergence from the Dow)
S&P: 650
Gold: No clue. Depends on various nefarious actitivies of some shady people, like Mr. Greenspan
Silver: I dunno but somebody will try to corner the market. (LOL)