6000 is coming for the stock market. and its gonna go lower than that. - GoFuckYourself.com

collegeboobies · 03-02-2009, 09:25 PM

The stock market is shit. All stocks are basically a gamble right now on if its going to be worth half as much next year. I told my dad 6 months ago that it was gonna hit 6000 and that might not even be the bottom. Dont leave your money in that shithole.

Ethersync · 03-02-2009, 09:29 PM

6,000 is definitely not the bottom.

kane · 03-02-2009, 09:39 PM

I told a friend of mine about 4 months ago I thought around 5400 would be where it would bottom out. I wonder if I will be close.

davidd · 03-02-2009, 10:58 PM

We are going back to Dow and S&P totals that will be the same as when Bill Clinton was inaugurated (the first time). We are still working with unrealistic multiples that can not be maintained when people actually have to work, save, and monitor their purchases.

Housing will go back to 1997 levels. Essentially, the last time houses and land were fairly valued.

We have two massive bubbles to compensate for and people to come to the realization the "earned wealth" of the last 15 years was vapor.

In the end, it will be the best thing that could have happened. Deflation is a great thing for savers... Spenders/Easy Credit had it easy for way too long. Savers got ass fucked because of artificial inflation of prices because "everyone was rich".

If this progresses to where it should progress... $1M will be $1M again (80's and 90's value of a million dollars).

We are at $40T of wealth wiped off the map with a lot more to go.

ExLust · 03-02-2009, 11:39 PM

All right, still worst to come.

Iron Fist · 03-02-2009, 11:49 PM

Good stuff... now I can go PTHTPHTP to all those ballers...

LiveDose · 03-02-2009, 11:51 PM

I got out of the market when the two candidates were picked. Thank fucking god.

Diomed · 03-03-2009, 12:00 AM

Some huge investment opportunities at the moment,

Bank of America for the win!

SomeCreep · 03-03-2009, 12:04 AM

As soon as everyone agrees, is when the exact opposite will happen.

$5 submissions · 03-03-2009, 12:15 AM

Quote:

Originally Posted by Ethersync

6,000 is definitely not the bottom.

Assuming the US follows Japan's footsteps, the "bottom" for the market is 2800 DJIA. How? The Nikkei is 80% off from Japan's record high in the 80s. The DJIA's high is 14000. 20% of 14000 = 2800.

At least, the shorters are making money on the trip down.

$5 submissions · 03-03-2009, 12:16 AM

Quote:

Originally Posted by davidd

We are going back to Dow and S&P totals that will be the same as when Bill Clinton was inaugurated (the first time). We are still working with unrealistic multiples that can not be maintained when people actually have to work, save, and monitor their purchases.

Housing will go back to 1997 levels. Essentially, the last time houses and land were fairly valued.

We have two massive bubbles to compensate for and people to come to the realization the "earned wealth" of the last 15 years was vapor.

In the end, it will be the best thing that could have happened. Deflation is a great thing for savers... Spenders/Easy Credit had it easy for way too long. Savers got ass fucked because of artificial inflation of prices because "everyone was rich".

If this progresses to where it should progress... $1M will be $1M again (80's and 90's value of a million dollars).

We are at $40T of wealth wiped off the map with a lot more to go.

I agree with most of what you're saying however I think the Deflation will be temporary because the money supply is blowing up due to all the bailouts/stimuli/runaway money printing.

slapass · 03-03-2009, 12:37 AM

Quote:

Originally Posted by $5 submissions

I agree with most of what you're saying however I think the Deflation will be temporary because the money supply is blowing up due to all the bailouts/stimuli/runaway money printing.

I agree but a guy could go broke waiting for it....

fuzzylogic · 03-03-2009, 12:49 AM

i heard two months ago that 8k was the "bottom."

i remember my relatives over the summer telling me i was wrong that we were headed into a depression.

oh well.

03-02-2009, 09:25 PM	#1
collegeboobies So Fucking Banned Join Date: Jul 2004 Posts: 3,644	6000 is coming for the stock market. and its gonna go lower than that. The stock market is shit. All stocks are basically a gamble right now on if its going to be worth half as much next year. I told my dad 6 months ago that it was gonna hit 6000 and that might not even be the bottom. Dont leave your money in that shithole.

03-02-2009, 11:39 PM	#5
ExLust Confirmed User Join Date: Aug 2008 Posts: 3,223	All right, still worst to come. __________________ BE A PARTNER

03-02-2009, 11:49 PM	#6
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	Good stuff... now I can go PTHTPHTP to all those ballers... __________________ i like waffles

03-02-2009, 11:51 PM	#7
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	I got out of the market when the two candidates were picked. Thank fucking god. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

03-03-2009, 12:00 AM	#8
Diomed Converting like it's 1999 Industry Role: Join Date: Jan 2009 Location: The South Posts: 6,167	Some huge investment opportunities at the moment, Bank of America for the win! __________________ 10 years of experience in: CHAT SALES - PAID TRAFFIC - CONVERSION - CREATIVES - CONSULTATION

03-02-2009, 09:29 PM	#2
Ethersync Confirmed User Join Date: Mar 2008 Location: London, Saint-Tropez, Bermuda, Moscow Posts: 5,289	6,000 is definitely not the bottom.

03-02-2009, 09:39 PM	#3
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I told a friend of mine about 4 months ago I thought around 5400 would be where it would bottom out. I wonder if I will be close.

03-02-2009, 10:58 PM	#4
davidd Confirmed User Industry Role: Join Date: Jul 2003 Posts: 1,076	We are going back to Dow and S&P totals that will be the same as when Bill Clinton was inaugurated (the first time). We are still working with unrealistic multiples that can not be maintained when people actually have to work, save, and monitor their purchases. Housing will go back to 1997 levels. Essentially, the last time houses and land were fairly valued. We have two massive bubbles to compensate for and people to come to the realization the "earned wealth" of the last 15 years was vapor. In the end, it will be the best thing that could have happened. Deflation is a great thing for savers... Spenders/Easy Credit had it easy for way too long. Savers got ass fucked because of artificial inflation of prices because "everyone was rich". If this progresses to where it should progress... $1M will be $1M again (80's and 90's value of a million dollars). We are at $40T of wealth wiped off the map with a lot more to go.

03-03-2009, 12:04 AM	#9
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	As soon as everyone agrees, is when the exact opposite will happen. __________________ Webair Hosting I use and recommend Webair for hosting.

03-03-2009, 12:49 AM	#13
fuzzylogic Confirmed User Join Date: Jun 2004 Location: buffalo, las vegas. icq: 285808879 Posts: 4,796	i heard two months ago that 8k was the "bottom." i remember my relatives over the summer telling me i was wrong that we were headed into a depression. oh well.