Dow dips to 11893. We are below 12000 for the time being….

[CAwireman]

The xx000’s are big mile stones because they show significant measurable changes. While there’s nothing truly significant about passing through the xx000’s, it does show the percentage decline strikingly.

14000 => 13000 => 12000 and now in the high 11xxx’s.

From the AP article, Friday’s downturn was heavily influenced by the 63K job drop. But, that could later be revised up/down or stay the same. However, flat or declining numbers have been the norm, so this report may hold water….

Another interesting point from the daily AP report is that it appears the Fed’s desperate measures to pull out of a financial decline are failing:

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

But, here’s my favorite quote from the article:

“Steven Lehman, manager of Federated’s Market Opportunity Fund, was doubtful of the effectiveness of the Fed’s efforts.”

“There is a profound lack of understanding of markets and economies, and there is still persistent lingering faith that the authorities effectively have a magic wand they can wave to make everything fine,” Lehman said. “Economies and markets do go down – particularly after a multi-decade credit boom.”

Kind’a puts it all into perspective. We are where we are and the calvalry isn’t coming, at least not until the fire burns down to a large degree…..

-Higgybaby

http://money.aol.com/marketnews/article

Stocks Tumble Following Jobs Report
03/07/08 18:28 EST
NEW YORK (AP) – Wall Street ended a dreadful week with another big loss Friday after the government surprised investors with a report that employers eliminated 63,000 jobs last month. The news compounded fears that the U.S. economy, already hampered by an unrelenting credit crisis, is succumbing to recession.

The Dow Jones industrial average fell 146 points, bringing its two-day slide to 370. This week’s declines in the three major stock indexes to their lowest settlements since 2006 came despite the Federal Reserve’s announcement that it would take steps to aid the credit markets.

The Labor Department’s report that employers cut jobs by 63,000 last month – the most since March 2003 – unnerved investors worried about the health of the economy and who had been expecting a 25,000 gain in jobs. While the unemployment rate fell to 4.8 percent, the decline reflects people leaving the labor force.

The payroll numbers arrived minutes after the Federal Reserve announced it would take fresh steps to ease credit troubles, including boosting the amount of money it will auction to banks.

The central bank said it will increase the size of its March 10 and 24 auctions to banks to $50 billion each. The auctions had been slated for $30 billion apiece and Fed officials said subsequent auctions could be bigger if need be. The Fed also said that it would begin a series of repurchase transactions expected to reach $100 billion.

Craig Peckham, an equity trading strategist at Jefferies & Co., said besides the weak job figures, investors were worried about an apparent lack of effectiveness of the Fed’s campaign.

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

The Dow fell 146.70, or 1.22 percent, to 11,893.69. On Thursday, the Dow’s 214-point drop came on resurgent concerns about the health of the credit markets. The index has not closed below 11,900 since October 2006, but on Jan. 22 dropped during intraday trading to 11,634.82.

Broader stock indicators also declined. The Standard & Poor’s 500 index fell 10.97, or 0.84 percent, to 1,293.37 – its lowest settlement since August 2006.

The Nasdaq composite index fell 8.01, or 0.36 percent, to 2,212.49, the lowest the tech-dominated index has finished since September 2006.

Bond prices jumped as investors sought defensive positions amid concerns about the economy. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.54 percent from 3.59 percent late Thursday.

It’s been a rough week for Wall Street – the Dow fell 3.04 percent, the S&P fell 2.80 percent and the Nasdaq fell 2.60 percent.

The market had been eager for a read on the jobs picture. While unemployment remains low by historical standards the increase in unemployment stirred concern among investors worried that it will result in a consumer slowdown. The well-being of the consumer, whose spending accounts for more than two-thirds of economic activity, is key to investors’ hopes of avoiding more economic pain amid the ongoing pullback in home values and credit troubles.

Paul Nolte, director of investments at Hinsdale Associates, said the job losses in February weren’t surprising.

“The trend for the last year and a half has been either job losses or very small gains. That is what you would expect in a contracting economy and we think the economy has been in a recession for two or three months,” he said.

The employment figures came a day after concerns about home foreclosures and credit woes rippled across Wall Street.

The start of the week had been relatively quiet. While investors chewed over a slew of economic data, the major indexes didn’t end the first three sessions of the week with huge changes. While the closing numbers belied some of the volatility, Wall Street had to contend with in the early part of the week, investors’ indecision turned to fear Thursday when credit concerns took on new life.

The week also saw the dollar continue to drop, helping push several commodities to record highs. Many commodities are traded in dollars and so a weak greenback can make their prices rise. Gold, often regarded as a defensive investment, surged to near the psychological benchmark of $1,000 an ounce.

The Fed’s plans announced Friday seemed to shore up investor confidence early in the session – briefly sending stocks higher – but failed to quell Wall Street’s nervousness about the economy.

Steven Lehman, manager of Federated’s Market Opportunity Fund, was doubtful of the effectiveness of the Fed’s efforts.

“There is a profound lack of understanding of markets and economies, and there is still persistent lingering faith that the authorities effectively have a magic wand they can wave to make everything fine,” Lehman said. “Economies and markets do go down – particularly after a multi-decade credit boom.”

The dollar hit a fresh record low against the euro following release of the payroll numbers, while gold prices fell.

Light, sweet crude slipped 32 cents to close at $105.15 per barrel on New York Mercantile Exchange, but only after briefly surpassing $106.

The Russell 2000 index of smaller companies fell 2.67, or 0.40 percent, to 660.11.

Declining issues outnumbered advancers by about 5 to 3 on the New York Stock Exchange. Consolidated volume came to 4.44 billion shares, up from 4.18 billion on Thursday.

Overseas, Japan’s Nikkei stock average closed down 3.27 percent after Wall Street’s decline. Britain’s FTSE 100 closed down 1.15 percent, Germany’s DAX index lost 1.17 percent, and France’s CAC-40 slid 1.26 percent.

The Dow Jones industrial average ended the week down 372.70, or 3.04 percent, at 11,893.69. The Standard & Poor’s 500 index finished down 37.26, or 2.80 percent, at 1,293.37. The Nasdaq composite index ended the week down 58.99, or 2.60 percent, at 2,212.49.

The Russell 2000 index finished the week down 26.07, or 3.80 percent, at 660.11.

The Dow Jones Wilshire 5000 Composite Index – a free-float weighted index that measures 5,000 U.S. based companies – ended Friday at 13,052.41, down 403.55 points, or 3.00 percent, for the week. A year ago, the index was at 14,271.61.

[Chris Scoreboard Johnston]

Commercials are not buying enough into this decline to make it a buy yet, so my March low call does not appear to be accurate at this point. Time will tell but for now the trend is down. If the commercials shift over to the long side between now and May I will load the boat on the long side, but stay in cash until that happens.

[Raybyrnes]

Wouldn’t a technician suggest that the next support level is down around 11100. So this could be up to another 6 percent to the down side.

[Raybyrnes]

Wouldn’t a technician suggest that the next support level is down around 11100. So this could be up to another 6 percent to the down side.

[Raybyrnes]

Wouldn’t a technician suggest that the next support level is down around 11100. So this could be up to another 6 percent to the down side.

[Raybyrnes]

Wouldn’t a technician suggest that the next support level is down around 11100. So this could be up to another 6 percent to the down side.

[Raybyrnes]

Wouldn’t a technician suggest that the next support level is down around 11100. So this could be up to another 6 percent to the down side.

[Chris Scoreboard Johnston]

Commercials are not buying enough into this decline to make it a buy yet, so my March low call does not appear to be accurate at this point. Time will tell but for now the trend is down. If the commercials shift over to the long side between now and May I will load the boat on the long side, but stay in cash until that happens.

[Chris Scoreboard Johnston]

Commercials are not buying enough into this decline to make it a buy yet, so my March low call does not appear to be accurate at this point. Time will tell but for now the trend is down. If the commercials shift over to the long side between now and May I will load the boat on the long side, but stay in cash until that happens.

[Chris Scoreboard Johnston]

Commercials are not buying enough into this decline to make it a buy yet, so my March low call does not appear to be accurate at this point. Time will tell but for now the trend is down. If the commercials shift over to the long side between now and May I will load the boat on the long side, but stay in cash until that happens.

[Chris Scoreboard Johnston]

Commercials are not buying enough into this decline to make it a buy yet, so my March low call does not appear to be accurate at this point. Time will tell but for now the trend is down. If the commercials shift over to the long side between now and May I will load the boat on the long side, but stay in cash until that happens.

[CAwireman]

So, here we come 11000?

[Arty]

Personally, I think it will be 10,000. It will drop at least 600+ in one day and slowly deflates to 10k.

[Deal Hunter]

I agree. It will be at 10,000 by election day this year. It will probably dip below 10,000 in the first year of the new president before crawling its way back up.

[(former)FormerSanDiegan]

Another interesting point from the daily AP report is that it appears the Fed’s desperate measures to pull out of a financial decline are failing:

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

While they may proven correct, I find this a little comical. It takes at least 6 months for rate cuts to ripple through the economy. We won’t know that the initial cuts have failed until at least the second half of 2008. It will be 2009 before we can confirm that the Fed is pushing on a string.

[blackbox]

Yippe!
market big down again. Bought a little today!
I will dollar cost average my 401K (Plus the cash when I sold a third of my total last october) all thru out the year. This is the greatest thing ever. I have at least 25 years of investing, and I love, love that the market could be down big time this year! Fantastic!

Ofcourse, on my non-retirement funds, I have 70% cash, cds, munis, and global bond funds. So if the market crashes, I just might take some of that dry powder and invest that too!

GO DOWN MARKET! I will buy, buy, buy. YOu suckers can sell low and buy high!

I love it.

[davelj]

I must have missed something. Who are the “you suckers” on this site that “sell low and buy high”? I haven’t seen a lot of bullish stock sentiment here.

[Coronita]

I must have missed something. Who are the "you suckers" on this site that "sell low and buy high"? I haven't seen a lot of bullish stock sentiment here.

 

Raises hand  I was a bullish stock guy. Less bullish, though still buying.

Wow. Funny, all the bears come out on the same day…

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[davelj]

“Wow. Funny, all the bears come out on the same day…”

You mean EVERY day don’t you?

[Coronita]

"Wow. Funny, all the bears come out on the same day…"

You mean EVERY day don't you?

 

No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.   

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[davelj]

“No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.”

I don’t know which markets you’ve been watching, but three of every four days this year have been down. But I’ll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

[Coronita]

"No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day."

I don't know which markets you've been watching, but three of every four days this year have been down. But I'll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

 

 I know that we've been down 3 out of 4 days. Which is why we're having a bear reunion lately. Add Stockstrader in the mix, and we've got the piggington market bears in full swing :).

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day."

I don't know which markets you've been watching, but three of every four days this year have been down. But I'll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

 

 I know that we've been down 3 out of 4 days. Which is why we're having a bear reunion lately. Add Stockstrader in the mix, and we've got the piggington market bears in full swing :).

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day."

I don't know which markets you've been watching, but three of every four days this year have been down. But I'll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

 

 I know that we've been down 3 out of 4 days. Which is why we're having a bear reunion lately. Add Stockstrader in the mix, and we've got the piggington market bears in full swing :).

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day."

I don't know which markets you've been watching, but three of every four days this year have been down. But I'll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

 

 I know that we've been down 3 out of 4 days. Which is why we're having a bear reunion lately. Add Stockstrader in the mix, and we've got the piggington market bears in full swing :).

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day."

I don't know which markets you've been watching, but three of every four days this year have been down. But I'll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

 

 I know that we've been down 3 out of 4 days. Which is why we're having a bear reunion lately. Add Stockstrader in the mix, and we've got the piggington market bears in full swing :).

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[davelj]

“No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.”

I don’t know which markets you’ve been watching, but three of every four days this year have been down. But I’ll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

[davelj]

“No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.”

I don’t know which markets you’ve been watching, but three of every four days this year have been down. But I’ll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

[davelj]

“No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.”

I don’t know which markets you’ve been watching, but three of every four days this year have been down. But I’ll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

[davelj]

“No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.”

I don’t know which markets you’ve been watching, but three of every four days this year have been down. But I’ll agree that the stock market bears here tend to be more vociferous on big percentage down days like today. But that should come as no surprise.

[Coronita]

"Wow. Funny, all the bears come out on the same day…"

You mean EVERY day don't you?

 

No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.   

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Wow. Funny, all the bears come out on the same day…"

You mean EVERY day don't you?

 

No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.   

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Wow. Funny, all the bears come out on the same day…"

You mean EVERY day don't you?

 

No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.   

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Wow. Funny, all the bears come out on the same day…"

You mean EVERY day don't you?

 

No, I meant, on the same day… Meaning, the cheer-bears always come out in force on a down day, and never on an up day.   

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[kev374]

This is working out great. I unloaded ALL my rollover IRA investments to cash reserves when the DOW was a 14000 and there were ominous signs of a correction. Instead of losing money FRXX is paying 5% 😉 I will buy back in a year or so.

[kev374]

This is working out great. I unloaded ALL my rollover IRA investments to cash reserves when the DOW was a 14000 and there were ominous signs of a correction. Instead of losing money FRXX is paying 5% 😉 I will buy back in a year or so.

[kev374]

This is working out great. I unloaded ALL my rollover IRA investments to cash reserves when the DOW was a 14000 and there were ominous signs of a correction. Instead of losing money FRXX is paying 5% 😉 I will buy back in a year or so.

[kev374]

This is working out great. I unloaded ALL my rollover IRA investments to cash reserves when the DOW was a 14000 and there were ominous signs of a correction. Instead of losing money FRXX is paying 5% 😉 I will buy back in a year or so.

[kev374]

This is working out great. I unloaded ALL my rollover IRA investments to cash reserves when the DOW was a 14000 and there were ominous signs of a correction. Instead of losing money FRXX is paying 5% 😉 I will buy back in a year or so.

[davelj]

“Wow. Funny, all the bears come out on the same day…”

You mean EVERY day don’t you?

[davelj]

“Wow. Funny, all the bears come out on the same day…”

You mean EVERY day don’t you?

[davelj]

“Wow. Funny, all the bears come out on the same day…”

You mean EVERY day don’t you?

[davelj]

“Wow. Funny, all the bears come out on the same day…”

You mean EVERY day don’t you?

[Coronita]

I must have missed something. Who are the "you suckers" on this site that "sell low and buy high"? I haven't seen a lot of bullish stock sentiment here.

 

Raises hand  I was a bullish stock guy. Less bullish, though still buying.

Wow. Funny, all the bears come out on the same day…

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I must have missed something. Who are the "you suckers" on this site that "sell low and buy high"? I haven't seen a lot of bullish stock sentiment here.

 

Raises hand  I was a bullish stock guy. Less bullish, though still buying.

Wow. Funny, all the bears come out on the same day…

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I must have missed something. Who are the "you suckers" on this site that "sell low and buy high"? I haven't seen a lot of bullish stock sentiment here.

 

Raises hand  I was a bullish stock guy. Less bullish, though still buying.

Wow. Funny, all the bears come out on the same day…

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I must have missed something. Who are the "you suckers" on this site that "sell low and buy high"? I haven't seen a lot of bullish stock sentiment here.

 

Raises hand  I was a bullish stock guy. Less bullish, though still buying.

Wow. Funny, all the bears come out on the same day…

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[davelj]

I must have missed something. Who are the “you suckers” on this site that “sell low and buy high”? I haven’t seen a lot of bullish stock sentiment here.

[davelj]

I must have missed something. Who are the “you suckers” on this site that “sell low and buy high”? I haven’t seen a lot of bullish stock sentiment here.

[davelj]

I must have missed something. Who are the “you suckers” on this site that “sell low and buy high”? I haven’t seen a lot of bullish stock sentiment here.

[davelj]

I must have missed something. Who are the “you suckers” on this site that “sell low and buy high”? I haven’t seen a lot of bullish stock sentiment here.

[blackbox]

Yippe!
market big down again. Bought a little today!
I will dollar cost average my 401K (Plus the cash when I sold a third of my total last october) all thru out the year. This is the greatest thing ever. I have at least 25 years of investing, and I love, love that the market could be down big time this year! Fantastic!

Ofcourse, on my non-retirement funds, I have 70% cash, cds, munis, and global bond funds. So if the market crashes, I just might take some of that dry powder and invest that too!

GO DOWN MARKET! I will buy, buy, buy. YOu suckers can sell low and buy high!

I love it.

[blackbox]

Yippe!
market big down again. Bought a little today!
I will dollar cost average my 401K (Plus the cash when I sold a third of my total last october) all thru out the year. This is the greatest thing ever. I have at least 25 years of investing, and I love, love that the market could be down big time this year! Fantastic!

Ofcourse, on my non-retirement funds, I have 70% cash, cds, munis, and global bond funds. So if the market crashes, I just might take some of that dry powder and invest that too!

GO DOWN MARKET! I will buy, buy, buy. YOu suckers can sell low and buy high!

I love it.

[blackbox]

Yippe!
market big down again. Bought a little today!
I will dollar cost average my 401K (Plus the cash when I sold a third of my total last october) all thru out the year. This is the greatest thing ever. I have at least 25 years of investing, and I love, love that the market could be down big time this year! Fantastic!

Ofcourse, on my non-retirement funds, I have 70% cash, cds, munis, and global bond funds. So if the market crashes, I just might take some of that dry powder and invest that too!

GO DOWN MARKET! I will buy, buy, buy. YOu suckers can sell low and buy high!

I love it.

[blackbox]

Yippe!
market big down again. Bought a little today!
I will dollar cost average my 401K (Plus the cash when I sold a third of my total last october) all thru out the year. This is the greatest thing ever. I have at least 25 years of investing, and I love, love that the market could be down big time this year! Fantastic!

Ofcourse, on my non-retirement funds, I have 70% cash, cds, munis, and global bond funds. So if the market crashes, I just might take some of that dry powder and invest that too!

GO DOWN MARKET! I will buy, buy, buy. YOu suckers can sell low and buy high!

I love it.

[(former)FormerSanDiegan]

Another interesting point from the daily AP report is that it appears the Fed’s desperate measures to pull out of a financial decline are failing:

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

While they may proven correct, I find this a little comical. It takes at least 6 months for rate cuts to ripple through the economy. We won’t know that the initial cuts have failed until at least the second half of 2008. It will be 2009 before we can confirm that the Fed is pushing on a string.

[(former)FormerSanDiegan]

Another interesting point from the daily AP report is that it appears the Fed’s desperate measures to pull out of a financial decline are failing:

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

While they may proven correct, I find this a little comical. It takes at least 6 months for rate cuts to ripple through the economy. We won’t know that the initial cuts have failed until at least the second half of 2008. It will be 2009 before we can confirm that the Fed is pushing on a string.

[(former)FormerSanDiegan]

Another interesting point from the daily AP report is that it appears the Fed’s desperate measures to pull out of a financial decline are failing:

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

While they may proven correct, I find this a little comical. It takes at least 6 months for rate cuts to ripple through the economy. We won’t know that the initial cuts have failed until at least the second half of 2008. It will be 2009 before we can confirm that the Fed is pushing on a string.

[(former)FormerSanDiegan]

Another interesting point from the daily AP report is that it appears the Fed’s desperate measures to pull out of a financial decline are failing:

“There is a growing sense that the Fed is trying to pull out all the stops and use all the tools they have but with little net effect,” he said. “It just doesn’t appear to be the quick-fix that investors had been hoping for. What we’ve seen is people continuing to press very bearish bets.”

While they may proven correct, I find this a little comical. It takes at least 6 months for rate cuts to ripple through the economy. We won’t know that the initial cuts have failed until at least the second half of 2008. It will be 2009 before we can confirm that the Fed is pushing on a string.

[Deal Hunter]

I agree. It will be at 10,000 by election day this year. It will probably dip below 10,000 in the first year of the new president before crawling its way back up.

[Deal Hunter]

I agree. It will be at 10,000 by election day this year. It will probably dip below 10,000 in the first year of the new president before crawling its way back up.

[Deal Hunter]

I agree. It will be at 10,000 by election day this year. It will probably dip below 10,000 in the first year of the new president before crawling its way back up.

[Deal Hunter]

I agree. It will be at 10,000 by election day this year. It will probably dip below 10,000 in the first year of the new president before crawling its way back up.

[Arty]

Personally, I think it will be 10,000. It will drop at least 600+ in one day and slowly deflates to 10k.

[Arty]

Personally, I think it will be 10,000. It will drop at least 600+ in one day and slowly deflates to 10k.

[Arty]

Personally, I think it will be 10,000. It will drop at least 600+ in one day and slowly deflates to 10k.

[Arty]

Personally, I think it will be 10,000. It will drop at least 600+ in one day and slowly deflates to 10k.

[CAwireman]

So, here we come 11000?

[CAwireman]

So, here we come 11000?

[CAwireman]

So, here we come 11000?

[CAwireman]

So, here we come 11000?

[susa]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

[cr]

My Smith Barney I mean “advisor” said in October they were forecasting a year end DOW of 14,500.

I can’t wait to see him again.

[cr]

My Smith Barney I mean “advisor” said in October they were forecasting a year end DOW of 14,500.

I can’t wait to see him again.

[cr]

My Smith Barney I mean “advisor” said in October they were forecasting a year end DOW of 14,500.

I can’t wait to see him again.

[cr]

My Smith Barney I mean “advisor” said in October they were forecasting a year end DOW of 14,500.

I can’t wait to see him again.

[cr]

My Smith Barney I mean “advisor” said in October they were forecasting a year end DOW of 14,500.

I can’t wait to see him again.

[Arty]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

Personally, I am holding my SDS until early next year or longer depending on the market :). Let’s see who get it right. If I see the 600+ drop within next 3 month than I think I got it.

[Arty]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

Personally, I am holding my SDS until early next year or longer depending on the market :). Let’s see who get it right. If I see the 600+ drop within next 3 month than I think I got it.

[Arty]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

Personally, I am holding my SDS until early next year or longer depending on the market :). Let’s see who get it right. If I see the 600+ drop within next 3 month than I think I got it.

[Arty]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

Personally, I am holding my SDS until early next year or longer depending on the market :). Let’s see who get it right. If I see the 600+ drop within next 3 month than I think I got it.

[Arty]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

Personally, I am holding my SDS until early next year or longer depending on the market :). Let’s see who get it right. If I see the 600+ drop within next 3 month than I think I got it.

[susa]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

[susa]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

[susa]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

[susa]

am reversing all my short ETF positions into cash next week and going long starting Friday March 21 or Monday March 24

[Author]

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