Cramer predicts DOW 4700 by Tuesday (1995ish levels)

[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?

[SD Realtor]

Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that.

[SD Realtor]

Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that.

[SD Realtor]

Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that.

[SD Realtor]

Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that.

[SD Realtor]

Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that.

[Arraya]

[quote=SD Realtor]Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that. [/quote]

It’s a little more nuanced than that, after an 1100 drop they turn off the market for like 30 minutes then it allows for a larger drop. I’m no sure of the exact logistics but it can drop more than 1100.

[Arraya]

[quote=SD Realtor]Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that. [/quote]

It’s a little more nuanced than that, after an 1100 drop they turn off the market for like 30 minutes then it allows for a larger drop. I’m no sure of the exact logistics but it can drop more than 1100.

[Arraya]

[quote=SD Realtor]Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that. [/quote]

It’s a little more nuanced than that, after an 1100 drop they turn off the market for like 30 minutes then it allows for a larger drop. I’m no sure of the exact logistics but it can drop more than 1100.

[Arraya]

[quote=SD Realtor]Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that. [/quote]

It’s a little more nuanced than that, after an 1100 drop they turn off the market for like 30 minutes then it allows for a larger drop. I’m no sure of the exact logistics but it can drop more than 1100.

[Arraya]

[quote=SD Realtor]Hmmm… kind of hard to see that large a drop in two days when the automated stopgaps kick in at an 1100 point drop. Not sure if those will be changed but I think the variable drop is set to 1100 right now. Someone can correct me on that. [/quote]

It’s a little more nuanced than that, after an 1100 drop they turn off the market for like 30 minutes then it allows for a larger drop. I’m no sure of the exact logistics but it can drop more than 1100.

[Mark Holmes]

The Dow Jones industrial average would have to fall 1,100 points in a day to trigger the first halt. If that point is reached before 2 p.m., the market would shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. No trading stops will take place if the plunge occurs after 2:30 p.m.

Based on Thursday’s Dow close of 8,579, the threshhold number to cause the market stop in one day would be 7,479.

If the index were to fall 2,200 points before 1 p.m., the market would close for two hours. If such a decline took place between 1 p.m. and 2 p.m., there would be a one-hour pause. The market would close for the day if stocks sank to that level after 2 p.m.

In the event of a 3,350-point decline, the market would close for the day, regardless of the time.

The thresholds are computed at the beginning of each quarter to establish a specific point value for the quarter. The 1,100-point drop represented a 10 percent decline at that time; the 2,200 level, a 20 percent drop and the 3,350 level is a 30 percent drop.

The rules would halt trading on the major securities and futures exchanges in a coordinated cross-market halt if the circuit breaker is enacted.

Source: http://www.kansascity.com/438/story/834323.html

[Mark Holmes]

The Dow Jones industrial average would have to fall 1,100 points in a day to trigger the first halt. If that point is reached before 2 p.m., the market would shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. No trading stops will take place if the plunge occurs after 2:30 p.m.

Based on Thursday’s Dow close of 8,579, the threshhold number to cause the market stop in one day would be 7,479.

If the index were to fall 2,200 points before 1 p.m., the market would close for two hours. If such a decline took place between 1 p.m. and 2 p.m., there would be a one-hour pause. The market would close for the day if stocks sank to that level after 2 p.m.

In the event of a 3,350-point decline, the market would close for the day, regardless of the time.

The thresholds are computed at the beginning of each quarter to establish a specific point value for the quarter. The 1,100-point drop represented a 10 percent decline at that time; the 2,200 level, a 20 percent drop and the 3,350 level is a 30 percent drop.

The rules would halt trading on the major securities and futures exchanges in a coordinated cross-market halt if the circuit breaker is enacted.

Source: http://www.kansascity.com/438/story/834323.html

[Mark Holmes]

The Dow Jones industrial average would have to fall 1,100 points in a day to trigger the first halt. If that point is reached before 2 p.m., the market would shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. No trading stops will take place if the plunge occurs after 2:30 p.m.

Based on Thursday’s Dow close of 8,579, the threshhold number to cause the market stop in one day would be 7,479.

If the index were to fall 2,200 points before 1 p.m., the market would close for two hours. If such a decline took place between 1 p.m. and 2 p.m., there would be a one-hour pause. The market would close for the day if stocks sank to that level after 2 p.m.

In the event of a 3,350-point decline, the market would close for the day, regardless of the time.

The thresholds are computed at the beginning of each quarter to establish a specific point value for the quarter. The 1,100-point drop represented a 10 percent decline at that time; the 2,200 level, a 20 percent drop and the 3,350 level is a 30 percent drop.

The rules would halt trading on the major securities and futures exchanges in a coordinated cross-market halt if the circuit breaker is enacted.

Source: http://www.kansascity.com/438/story/834323.html

[Mark Holmes]

The Dow Jones industrial average would have to fall 1,100 points in a day to trigger the first halt. If that point is reached before 2 p.m., the market would shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. No trading stops will take place if the plunge occurs after 2:30 p.m.

Based on Thursday’s Dow close of 8,579, the threshhold number to cause the market stop in one day would be 7,479.

If the index were to fall 2,200 points before 1 p.m., the market would close for two hours. If such a decline took place between 1 p.m. and 2 p.m., there would be a one-hour pause. The market would close for the day if stocks sank to that level after 2 p.m.

In the event of a 3,350-point decline, the market would close for the day, regardless of the time.

The thresholds are computed at the beginning of each quarter to establish a specific point value for the quarter. The 1,100-point drop represented a 10 percent decline at that time; the 2,200 level, a 20 percent drop and the 3,350 level is a 30 percent drop.

The rules would halt trading on the major securities and futures exchanges in a coordinated cross-market halt if the circuit breaker is enacted.

Source: http://www.kansascity.com/438/story/834323.html

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