How low will it go? DOW

**kenny** · 03-05-2009, 04:20 PM

I've selected 5500. Just round off to the nearest 500 interval.

**LiveDose** · 03-05-2009, 04:21 PM

All I know is I'm glad I jumped early...

**kenny** · 03-05-2009, 04:35 PM

Originally posted by LiveDose

All I know is I'm glad I jumped early...

I knew it was going to fall.. just not this fast/hard

**kane** · 03-05-2009, 05:04 PM

I read a while back that some economist thing it will bottom out somewhere between 5000 - 5500 before stabilizing some. It makes me wonder if this is where is should have been all along.

**kenny** · 03-05-2009, 07:13 PM

GFY census isn't looking to hot

**tony286** · 03-05-2009, 07:19 PM

Originally posted by kane

I read a while back that some economist thing it will bottom out somewhere between 5000 - 5500 before stabilizing some. It makes me wonder if this is where is should have been all along.

Yeah thats what I read. You got to think its been madness, I had read like yahoo one year was supposed to do 5 bil in revenue and the stock dropped because it was below expectations.That's nuts and it seems if each quarter isnt 100% greater than the next its a loss. Maybe market wasnt meant to be 14000.

**BFT3K** · 03-05-2009, 07:33 PM

I'd stock up on index funds if the DOW drops below 4,000. At that point your investment will either triple or quadruple within the next 4 to 8 years, or the shit will hit the fan so hard your money will be the last thing you will be worrying about anyway.

**Adam_M** · 03-05-2009, 07:38 PM

I think the worst is still ahead, but I am up 80% on my trades since November 2008 so happy for the moment.

**jmcb420** · 03-05-2009, 08:02 PM

i'm saying less then 4,000. This will not be pretty.

**Spunky** · 03-05-2009, 08:10 PM

Good time to buy,don't panic

**kane** · 03-05-2009, 08:39 PM

Originally posted by tony404

Yeah thats what I read. You got to think its been madness, I had read like yahoo one year was supposed to do 5 bil in revenue and the stock dropped because it was below expectations.That's nuts and it seems if each quarter isnt 100% greater than the next its a loss. Maybe market wasnt meant to be 14000.

Yeah it seems like a lot of time there is no rhyme nor reason why a stock is so much. Exxon continues to make record profits in the billions, yet their stock is at $62 but some companies that make little or no profit have stock that is around $200 or more.

When you look at it since 1980 the average household income has gone up a total of $9K a year (adjusted to today's dollars) which is about at 20% increase. Yet during that same time the DOW has gone from from 800 to 14000. It seems like it might be a little bit out of whack. I know average household income is not a great way to judge the dow, but in my eyes it is a good way to judge the overall wealth of the nation since it is the spending of the average household that drives our economy.

**xNetworx** · 03-05-2009, 08:54 PM

I'm guessing 3500. We are fucked for YEARS

How low will it go? DOW

How low will it go? DOW

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