How low will it go?

Lets see your guesses.

 

At what # do you think the stock market will level off and stop its fall?

 

I say 6300.

 

 

Kramer on Mad Money was saying a few days ago to buy at 7500, but I think it'll go lower. Some are now predicting 4k. I wish I had some extra cash to spare. You could make a killing off this >.

HHHmmmmm.... I have some extra monies.....

 

 

I'm going to say 5k is when itll stop

I wish I had some extra cash to spare. You could make a killing off this >.<

Freaking serriously

I can't really see it going below 7k. I am basing that on the 'flip a coin, roll a 20 sided die and /random 100" method so it's a pretty safe bet.

 

 

ps In before Hykos starts calling everyone Marxist.

I'll take 7001 Bob.

I'll take 7001 Bob.

 

YOU BASTARD!!

I've got some set aside to jump in as soon as it looks good, mmm hmm

ps In before Hykos starts calling everyone Marxist.

HAHA. Not everyone. Just people under 30. You're exempt old man.

 

wtb lolmarket lolcats.

4500. That is if the whole thing doesn't crash and burn. Confidence in the markets has been shattered worldwide. I wouldn't buy into this sinking ship. The risk just isn't worth the reward.

Really? You think the worldwide market is going to collapse? I don't think it will but hell, I've been wrong before. $50k wrong so far this year (accounting for today's losses, Shad). But I think at some point all those people on Wall Street and the rest of the world will look around and think "HOLY SHIT! That stock I bought and sold 5 months ago for $50 a share is sitting at $15 now and I know that their business model is still strong. BUY BUY BUY!"

 

I just don't see the profiteers letting stocks go too low before they start getting a little freer with their money. As soon as the Treasury starts getting more liquidity to the banks (which I understand to be soon), I imagine the market will breathe a little easier too. I don't think it will rally 1500 points in a day or anything but I don't think we will lose triple digits everyday either. Hell, we might see an actual gain.

 

I'm no economist but I act like one between 11 and 11:50 every Mon, Wed and Friday.

Edited October 10, 2008 by Daghostmaker

I act like one at /12:15... err wait.. >.>

>.> I had to make sure I had a break in classes from 12 to 1 for that same reason.

hear about Iceland? I don't think it is just going to be isolated to there.

hear about Iceland? I don't think it is just going to be isolated to there.

That's what im VERY concerned about.

The size of the rest of Iceland's economy leaves very little slack to deal with their situation. Their GDP is roughly $19b compared to the roughly $14t of the U.S. Maybe I'm not using the right lens to look at the situation but those numbers make me think we have more flexibility to come up with solutions. Solutions like, I don't know, a nearly $1t bailout package. I understand that money is mostly borrowed but it was lent betting on the strength of the economy to rebound.

 

I honestly think that we are near the bottom of this problem. I'm not saying we won't lose another 1k off the DJIA but I think the wild fluctuations this morning were the market equalizing a bit as it approaches the lower limit. I guess we'll see in a couple of hours when the foreign markets open. I think we are through the worst of the drops and the market will settle out in the 7500-8500 range for at least a month. After the election when the future is a little more certain, you will start to see it creep back up and maybe hit 11-12k again in July-Sept next year.

 

 

That or the market will crash and we will all go back to the barter system.

Edited October 14, 2008 by Daghostmaker

That or the market will crash and we will all go back to the barter system.

 

 

Hello there little boy.. I'll trade you these magic beans for your cow =P

::holds out bowl and asks in a fake british accent...."spare some food, Mista?"::

wtb lolmarket lolcats.

Here ya go Benny

 

http://compassioninpolitics.files.wordpress.com/2007/11/bankerlolcatfunny-pictures-banker-cat.jpg

HAHA. Looks like a young Wilford Brimley cat. DIBEETUS!

di di di di dia beetus

Dow + >900 yesterday, 11%... And the Canadian TSE was closed for Thanksgiving!

 

Canada has a federal election tomorrow, and our incumbent PM Stephen Harper must be pissed royally about the timing now. He took about a 10% popularity hit over the past couple of weeks due to people being upset with the stock market and blaming whoever was in power.