Close Under 7000

[clayinaustin]

Yahoo Finance

I think the market will close under 7000 this week. It may be as early as Monday!

Any thoughts?

 

[Ratickle]

Yahoo Finance

I think the market will close under 7000 this week. It may be as early as Monday!

Any thoughts?

Probably, thought it wouldn't/couldn't happen. If one of the two US auto comp's file, 6000 is probably bottom.

Almost everything the gov does has absolutely nothing to do with fixing root-cause of the issues.

 

[RedDog382]

I still see this hitting 6000. Just a few more SociObamism speaches and we'll make it ...

 

[Sea-Dated]

It will happen this week.....:smash:

 

[Sea-Dated]

It happened this morning........:banghead:

I bet it is below 6000 by the end of the month...

 

[clayinaustin]

WOW! It opened under 7000. Let's see where it closes.

 

[Sea-Dated]

Below 6900 for a moment....

 

[clayinaustin]

Dow industrials fall below 7,000

NEW YORK (AP) -- The Dow Jones industrial average plunged below 7,000 Monday for the first time in more than 11 years as investors grew pessimistic about the health of banks, and in turn the economy.

The Dow hadn't traded below 7,000 since Oct. 28, 1997, and last closed below that mark on May 1 of that year. The credit crisis and recession have now slashed half the average's value since it hit a record high over 14,000 in October 2007.

Investors are again fleeing stocks in response to bad news about financial companies. The government said it would give American International Group Inc. another $30 billion in loans, in addition to the $150 billion it has already given the insurer. AIG also said it lost a record $61.7 billion in the fourth quarter.

"As bad as things are, they can still get worse, and get a lot worse," said Bill Strazzullo, chief market strategist for Bell Curve Trading. Strazzullo said he believes there's a significant chance the S&P 500 and the Dow will fall back to their 1995 levels of 500 and 5,000, respectively.

 

[tommymonza]

We will see 5000 in 120 days.

 

[Sea-Dated]

6841 now..... Moving on down.

 

[socalstone]

6795!

 

[Geronimo36]

only bright side I can see to any of this right now is mortgage rates might come down low enough to where I can refi and save a little $$$...

Other than that, there's no good news for any of my retirement or any other investments...it just plain sucks...

 

[DollaBill]

Hate to say I told you so, but I told you so. I called 6's 18 months ago and now I can 5's. The markets are sending a clear msg to Obama but he, evidently, is not listening. The harder he pushes the stimulus and his socialist agenda the more the markets are going to push back. Period.

And, we are in a depression now and have been since Sept of last year. Not only do I see a recovery not coming in '10, I think the entire concept (no pun intended LOL) of a recovery may no longer exist because that would assume that things could get back to "normal" when, in fact, "normal" does not exist anymore. The world economy is 180 degr's diff from what it was before and won't ever be the same

 

[masher44]

time to buy some waterfront land

 

[jet]

Hate to say I told you so, but I told you so. I called 6's 18 months ago and now I can 5's. The markets are sending a clear msg to Obama but he, evidently, is not listening. The harder he pushes the stimulus and his socialist agenda the more the markets are going to push back. Period.

And, we are in a depression now and have been since Sept of last year. Not only do I see a recovery not coming in '10, I think the entire concept (no pun intended LOL) of a recovery may no longer exist because that would assume that things could get back to "normal" when, in fact, "normal" does not exist anymore. The world economy is 180 degr's diff from what it was before and won't ever be the same

Two years ago when the sh$t was hitting the fan I told my buds to buy a good pair of shoe's why they asked;Because your going to need somthing comfortable to wear in the soup line.

 

[fund razor]

The market has been inflated since the tech boom.

Adding Obommunism now doesn't help.

 

[Mark]

It was obvious the market would drop today after Warren Buffet's report. If he is losing money - everybody is!

 

[Expensive Date]

Hate to say I told you so, but I told you so.


Classic A personality high performance boat owner,ex high performance boat dealer with a thing for strippers.......And you really expect us to believe that you "Hate to say I told you so":26:

 

[fund razor]

When Bill is old he will be a performance liver dealer.

 

[DollaBill]

Hate to say I told you so, but I told you so.


Classic A personality high performance boat owner,ex high performance boat dealer with a thing for strippers.......And you really expect us to believe that you "Hate to say I told you so":26:

LOL. But, yes hahahaha