Home › Forums › Financial Markets/Economics › Dow to 4000 ??
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March 6, 2009 at 9:10 AM #362003March 6, 2009 at 9:29 AM #361420moneymakerParticipant
I’m sticking by my original estimate that DOW bottoms @ 5600. What really irks me is when some CA republican, ok I’ll name him (John Campbell) gets on Bloomberg and then says we need to spend more money on houses and cars to get us out of this economic slump. Doesn’t he get it, overspending is what got us here, more spending will just dig us in deeper.
March 6, 2009 at 9:29 AM #361716moneymakerParticipantI’m sticking by my original estimate that DOW bottoms @ 5600. What really irks me is when some CA republican, ok I’ll name him (John Campbell) gets on Bloomberg and then says we need to spend more money on houses and cars to get us out of this economic slump. Doesn’t he get it, overspending is what got us here, more spending will just dig us in deeper.
March 6, 2009 at 9:29 AM #361859moneymakerParticipantI’m sticking by my original estimate that DOW bottoms @ 5600. What really irks me is when some CA republican, ok I’ll name him (John Campbell) gets on Bloomberg and then says we need to spend more money on houses and cars to get us out of this economic slump. Doesn’t he get it, overspending is what got us here, more spending will just dig us in deeper.
March 6, 2009 at 9:29 AM #361901moneymakerParticipantI’m sticking by my original estimate that DOW bottoms @ 5600. What really irks me is when some CA republican, ok I’ll name him (John Campbell) gets on Bloomberg and then says we need to spend more money on houses and cars to get us out of this economic slump. Doesn’t he get it, overspending is what got us here, more spending will just dig us in deeper.
March 6, 2009 at 9:29 AM #362008moneymakerParticipantI’m sticking by my original estimate that DOW bottoms @ 5600. What really irks me is when some CA republican, ok I’ll name him (John Campbell) gets on Bloomberg and then says we need to spend more money on houses and cars to get us out of this economic slump. Doesn’t he get it, overspending is what got us here, more spending will just dig us in deeper.
March 6, 2009 at 9:47 AM #3614304plexownerParticipantlots of people calling for a bottom around mid-5000 for the Dow followed by a rally back up to 9500 to 10500
then comes the big decline down to the ultimate low for this bear market – Richard Russell pointed out recently that we COULD be (nobody knows ahead of time) retracing the entire rise of the Dow from the 41 point level in the 1940’s to the 2007 high – only hindsight will tell us for sure
a bottom around 5500 with a rally back to 10K’ish followed by a decline to the ultimate low would be similar to the 1929 to 1932 behavior of the Dow – more money was lost on the second decline than the first because the bear market rally sucked everybody back into the market
rest assured that during the coming rally all the talking heads will be singing the praises of Obama’s recovery and how there is nothing but sunshine and lollipops forevermore – and people like me will be trying to get their friends and family out of the stock market before the big decline but will be labelled as gloom and doomers, conspiracy theorists, etc …
March 6, 2009 at 9:47 AM #3617264plexownerParticipantlots of people calling for a bottom around mid-5000 for the Dow followed by a rally back up to 9500 to 10500
then comes the big decline down to the ultimate low for this bear market – Richard Russell pointed out recently that we COULD be (nobody knows ahead of time) retracing the entire rise of the Dow from the 41 point level in the 1940’s to the 2007 high – only hindsight will tell us for sure
a bottom around 5500 with a rally back to 10K’ish followed by a decline to the ultimate low would be similar to the 1929 to 1932 behavior of the Dow – more money was lost on the second decline than the first because the bear market rally sucked everybody back into the market
rest assured that during the coming rally all the talking heads will be singing the praises of Obama’s recovery and how there is nothing but sunshine and lollipops forevermore – and people like me will be trying to get their friends and family out of the stock market before the big decline but will be labelled as gloom and doomers, conspiracy theorists, etc …
March 6, 2009 at 9:47 AM #3618694plexownerParticipantlots of people calling for a bottom around mid-5000 for the Dow followed by a rally back up to 9500 to 10500
then comes the big decline down to the ultimate low for this bear market – Richard Russell pointed out recently that we COULD be (nobody knows ahead of time) retracing the entire rise of the Dow from the 41 point level in the 1940’s to the 2007 high – only hindsight will tell us for sure
a bottom around 5500 with a rally back to 10K’ish followed by a decline to the ultimate low would be similar to the 1929 to 1932 behavior of the Dow – more money was lost on the second decline than the first because the bear market rally sucked everybody back into the market
rest assured that during the coming rally all the talking heads will be singing the praises of Obama’s recovery and how there is nothing but sunshine and lollipops forevermore – and people like me will be trying to get their friends and family out of the stock market before the big decline but will be labelled as gloom and doomers, conspiracy theorists, etc …
March 6, 2009 at 9:47 AM #3619114plexownerParticipantlots of people calling for a bottom around mid-5000 for the Dow followed by a rally back up to 9500 to 10500
then comes the big decline down to the ultimate low for this bear market – Richard Russell pointed out recently that we COULD be (nobody knows ahead of time) retracing the entire rise of the Dow from the 41 point level in the 1940’s to the 2007 high – only hindsight will tell us for sure
a bottom around 5500 with a rally back to 10K’ish followed by a decline to the ultimate low would be similar to the 1929 to 1932 behavior of the Dow – more money was lost on the second decline than the first because the bear market rally sucked everybody back into the market
rest assured that during the coming rally all the talking heads will be singing the praises of Obama’s recovery and how there is nothing but sunshine and lollipops forevermore – and people like me will be trying to get their friends and family out of the stock market before the big decline but will be labelled as gloom and doomers, conspiracy theorists, etc …
March 6, 2009 at 9:47 AM #3620184plexownerParticipantlots of people calling for a bottom around mid-5000 for the Dow followed by a rally back up to 9500 to 10500
then comes the big decline down to the ultimate low for this bear market – Richard Russell pointed out recently that we COULD be (nobody knows ahead of time) retracing the entire rise of the Dow from the 41 point level in the 1940’s to the 2007 high – only hindsight will tell us for sure
a bottom around 5500 with a rally back to 10K’ish followed by a decline to the ultimate low would be similar to the 1929 to 1932 behavior of the Dow – more money was lost on the second decline than the first because the bear market rally sucked everybody back into the market
rest assured that during the coming rally all the talking heads will be singing the praises of Obama’s recovery and how there is nothing but sunshine and lollipops forevermore – and people like me will be trying to get their friends and family out of the stock market before the big decline but will be labelled as gloom and doomers, conspiracy theorists, etc …
March 6, 2009 at 9:58 AM #361445anxvarietyParticipantIs there really a diff between 6000, 4000 and 1000. Citibank is a penny stock now.. why would anything stop sliding when there is not much spending and the very dollar itself will probably be threatened. I won’t be buying. You think any sort of restructuring in these companies is going to consider the shareholders? I’ve had my shares in companies go to zero and there was really no explanation, in fact they are trading again today without me π
March 6, 2009 at 9:58 AM #361741anxvarietyParticipantIs there really a diff between 6000, 4000 and 1000. Citibank is a penny stock now.. why would anything stop sliding when there is not much spending and the very dollar itself will probably be threatened. I won’t be buying. You think any sort of restructuring in these companies is going to consider the shareholders? I’ve had my shares in companies go to zero and there was really no explanation, in fact they are trading again today without me π
March 6, 2009 at 9:58 AM #361884anxvarietyParticipantIs there really a diff between 6000, 4000 and 1000. Citibank is a penny stock now.. why would anything stop sliding when there is not much spending and the very dollar itself will probably be threatened. I won’t be buying. You think any sort of restructuring in these companies is going to consider the shareholders? I’ve had my shares in companies go to zero and there was really no explanation, in fact they are trading again today without me π
March 6, 2009 at 9:58 AM #361926anxvarietyParticipantIs there really a diff between 6000, 4000 and 1000. Citibank is a penny stock now.. why would anything stop sliding when there is not much spending and the very dollar itself will probably be threatened. I won’t be buying. You think any sort of restructuring in these companies is going to consider the shareholders? I’ve had my shares in companies go to zero and there was really no explanation, in fact they are trading again today without me π
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