Cramer predicts DOW 4700 by Tuesday (1995ish levels)

[TheBreeze]

Jim Cramer has an interesting article up on RealMoney.com. You have to pay to access it, but here’s an excerpt:

…This strategy, which I presume will not be adopted, but which makes the most sense, would allow for shotgun weddings for all the weak banks to eliminate the bleeding. Without this kind of action I am reverting to a downside target of 6,700 for Monday and then 4,700 for Tuesday in keeping with the hopeful ’87 playbook.

For reference, the 4,700 level was last seen in 1995. That’s going to sting the old 401(k) a bit.

[kev374]

which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.

[kev374]

which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.

[kev374]

which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.

[kev374]

which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.

[kev374]

which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.

[Ren]

It’s weird that he makes such wild claims. Sometimes I think his mouth isn’t connected to his brain, or he only lives in the moment, never thinking about his past performance. 6700 by Tuesday, conceivable but doubtful. 4700, maybe if an asteroid hits Manhattan tomorrow.

[Ren]

It’s weird that he makes such wild claims. Sometimes I think his mouth isn’t connected to his brain, or he only lives in the moment, never thinking about his past performance. 6700 by Tuesday, conceivable but doubtful. 4700, maybe if an asteroid hits Manhattan tomorrow.

[Ren]

It’s weird that he makes such wild claims. Sometimes I think his mouth isn’t connected to his brain, or he only lives in the moment, never thinking about his past performance. 6700 by Tuesday, conceivable but doubtful. 4700, maybe if an asteroid hits Manhattan tomorrow.

[Ren]

It’s weird that he makes such wild claims. Sometimes I think his mouth isn’t connected to his brain, or he only lives in the moment, never thinking about his past performance. 6700 by Tuesday, conceivable but doubtful. 4700, maybe if an asteroid hits Manhattan tomorrow.

[Ren]

It’s weird that he makes such wild claims. Sometimes I think his mouth isn’t connected to his brain, or he only lives in the moment, never thinking about his past performance. 6700 by Tuesday, conceivable but doubtful. 4700, maybe if an asteroid hits Manhattan tomorrow.

[TheBreeze]

[quote=kev374]which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.[/quote]

Tuesday, October 14th. Two days from now. I can see it happening as these things usually overshoot (to the upside during a bubble and to the downside during the ensuing crash).

If you check the Yahoo! chart for the Dow Jones Industrial Average it was at 343 on July 1, 1929 and bottomed out at 42 on April 1, 1932. That’s a decine of 87% in less than 3 years. The U.S. has just gone through the biggest credit bubble in history and the DOW hasn’t even dropped 50% yet. An 87% drop would put us at ~ DOW 1800. Who’s to say that we won’t see another 90% drop in the DOW given how big the bubble was?

[TheBreeze]

[quote=kev374]which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.[/quote]

Tuesday, October 14th. Two days from now. I can see it happening as these things usually overshoot (to the upside during a bubble and to the downside during the ensuing crash).

If you check the Yahoo! chart for the Dow Jones Industrial Average it was at 343 on July 1, 1929 and bottomed out at 42 on April 1, 1932. That’s a decine of 87% in less than 3 years. The U.S. has just gone through the biggest credit bubble in history and the DOW hasn’t even dropped 50% yet. An 87% drop would put us at ~ DOW 1800. Who’s to say that we won’t see another 90% drop in the DOW given how big the bubble was?

[TheBreeze]

[quote=kev374]which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.[/quote]

Tuesday, October 14th. Two days from now. I can see it happening as these things usually overshoot (to the upside during a bubble and to the downside during the ensuing crash).

If you check the Yahoo! chart for the Dow Jones Industrial Average it was at 343 on July 1, 1929 and bottomed out at 42 on April 1, 1932. That’s a decine of 87% in less than 3 years. The U.S. has just gone through the biggest credit bubble in history and the DOW hasn’t even dropped 50% yet. An 87% drop would put us at ~ DOW 1800. Who’s to say that we won’t see another 90% drop in the DOW given how big the bubble was?

[TheBreeze]

[quote=kev374]which Tuesday? This coming week?? Is he nuts?
Seriously the guy needs to stop talking because he spews all kinds of nonsense.

If the DOW went to 4700 by Tuesday then god help the country because that would cause such shock and fear across the board it would be unimaginable. I seriously doubt such a thing will ever happen.[/quote]

Tuesday, October 14th. Two days from now. I can see it happening as these things usually overshoot (to the upside during a bubble and to the downside during the ensuing crash).

If you check the Yahoo! chart for the Dow Jones Industrial Average it was at 343 on July 1, 1929 and bottomed out at 42 on April 1, 1932. That’s a decine of 87% in less than 3 years. The U.S. has just gone through the biggest credit bubble in history and the DOW hasn’t even dropped 50% yet. An 87% drop would put us at ~ DOW 1800. Who’s to say that we won’t see another 90% drop in the DOW given how big the bubble was?

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