How low will the DOW go??· Page 3

Pack93z
Select Member Topic Starter

16 years ago

I don't think that will be the bottom.. the Big three in Detroit are starting to sing that "bailout" tune.. and the parade will keep on coming.. which leaves "Main Street" with that grip tightening even further.. this spin isn't even close to stopping yet..

I don't even look at my stock portfolio... it has hit that point of no return.. I am young enough to let it bounce back... but I have this feeling I will start to buy some bargains soon.. I think I may start to jump around 7700 to 7500.

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

zombieslayer
Registered

16 years ago

#22

:lol:

I should have stuck by my first prediction of 6k as the bottom.

Jumped 300 this morning because Citibank turned a profit. Whooptie-do, but for those of you investing long term, I'd buy index stocks if I were you. I got heavily in at 7k and I think that's a great long term investment. Wish I had more money. I would have bought at 6.5k too.

For young people, best thing that can happen is for stocks to plummet.

My man Donald Driver

(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷

vegOmatic
Registered

16 years ago

#23

I think the day traders create the crazy days. One good day on Wall Street doesn't change an economy. Unemployment is still 8% and climbing and sectors such as the auto industry need to die and start over. The government will probably step in considering the current administration needs the UAW to support it; either way, bankruptcy or bail out, it's going to cost us and hit the economy. I love the hypocrisy of the Al Gore crowd saving the SUV.

Predictions are for 2009 to be a bad year. I have family losing their jobs so it's just not good. And I cringe at the solutions Washington is coming up with.

blank

zombieslayer
Registered

16 years ago

#24

I love the hypocrisy of the Al Gore crowd saving the SUV.

"vegOmatic" wrote:

Me too. That's actually pretty funny.

Predictions are for 2009 to be a bad year. I have family losing their jobs so it's just not good. And I cringe at the solutions Washington is coming up with.

Yeah. It won't be a fun year for this country.

The market will be down at least 100 points probably Monday. People will take their earnings and run. There's still a long way to go before the recession ends.

Keep in mind though, the market is often an early indicator of when the recession ends. A market rise (not this dead cat jump, but a real one) often precludes the end of a recession.

I'm not too crazy about what the current administration is doing. Throwing money at a problem isn't always the best solution, and we're going to eventually have to pay that money back.

But America always finds ways of fixing things. People who buy now and hold will be happy 10 years from now. We're still leading the world by far in nanotechnology and biotech, 2 things that will be huge in the near future.

My man Donald Driver

(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷

DarkaneRules
Veteran Member

16 years ago

#25

I would be more optimistic if I trusted the President and the majority of the legislative branch, but I don't. I am beginning to think that if you want to make positive change where you live, then government is the last job I would expect to accomplish that. All government seems to do every year is take more freedom away and spend more money than the class prior.

Circular Arguments: They are a heck of an annoyance

zombieslayer
Registered

16 years ago

#26

"DarkaneRules" wrote:

Dang. You love Metal and think like this?
You're not by chance my half-brother, are you?

My man Donald Driver

(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷

DarkaneRules
Veteran Member

16 years ago

#27

Haha! This week more reasons not to trust congress with this AIG crap. I hate these politicians and their fake outrage. If you don't want AIG to give out bonuses put that in your damn legislation, but no, they'd rather put in all this over-stylized loop-holed filled crap and force it through.

Circular Arguments: They are a heck of an annoyance

zombieslayer
Registered

16 years ago

#28

"DarkaneRules" wrote:

Agreed.

These people are idiots. They gave them a blank check of $700 billion of OUR money, then complained when AIG gave themselves bonuses.

Congress needs to go.

My man Donald Driver

(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷

DarkaneRules
Veteran Member

16 years ago

#29

Even better buddy. It sounds now like the go ahead came from the administration through Timothy Geithner to put that language in the bill through Dodd. This leads me to ask whether or not this is the treasury department playing games with a company like AIG or if it is almost as if they are covering for Dodd since it seems like Geithner may face increasing pressure to step down from this job as questions about his abilities mount.

I think the whole skipping out on around 40,000 dollars in taxes should have been a red flag, but no, we needed him NOW. I can see why too. He is doing a terrific job.

Circular Arguments: They are a heck of an annoyance

doddpower
Veteran Member

16 years ago

#30

Damn Chris Dodd giving us Dodd's a bad name!!

Blast him!!

Heh heh.

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