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

[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.

[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.

[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.

[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.

[(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.

[Author]

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