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I am calling the ball!
DUIGUY
Posts: 7,252 ✭✭✭
DOW will hit a low at 6879.88 before turning around.
You heard it here first.
You heard it here first.
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."
- Marcus Tullius Cicero, 106-43 BC
- Marcus Tullius Cicero, 106-43 BC
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Comments
Dow will close above 10,000! (or close to it)
(Of course that means half will be taken back tomorrow on profit taking)
The Fireman...
<< <i>I think stocks will rally soon. we're due for a dead cat bounce. >>
I thought the same thing this morning and went long. I just dumped for a big loss. Yikes!
Be careful out there.
<< <i>
<< <i>I think stocks will rally soon. we're due for a dead cat bounce. >>
I thought the same thing this morning and went long. I just dumped for a big loss. Yikes!
Be careful out there. >>
We are now officially in crash mode. Today's wash out really surprised me. I thought bounce for sure.
<< <i>
<< <i>
<< <i>I think stocks will rally soon. we're due for a dead cat bounce. >>
I thought the same thing this morning and went long. I just dumped for a big loss. Yikes!
Be careful out there. >>
We are now officially in crash mode. Today's wash out really surprised me. I thought bounce for sure. >>
i was thinking something would stop the landslide, this drop today was bigger than the 780(?) drop % wise of a few days ago?? or pretty close
it gives me a quesy feeling.
They closed it on 9-11 and after the dust settled we were back in business.
GOT GOLD!
I doubt it will stop there, less than 5000 will come in time.
Got silver?
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
With the Dow at 8500 and gold at $912 we just officially fell into single digits on the "useless" Dow/gold ratio....now at 9.4. Recall that we started out around 50:1 back in 2001-2002. The end result will be something close to 1:1 to 3:1.
roadrunner
<< <i>It may take a year or two, or even three, but we'll see 4500-6500 Dow before it's all done. But I'm sort of expecting a bounce shortly maybe back to 10,000. There is no further manipulations that the FED or Wall Street can do from here to make this end better. The longer they play around and tweak things, the longer the pain will last and the more it will hurt. The time for action was years ago.
With the Dow at 8500 and gold at $912 we just officially fell into single digits on the "useless" Dow/gold ratio....now at 9.4. Recall that we started out around 50:1 back in 2001-2002. The end result will be something close to 1:1 to 3:1.
roadrunner >>
RR, the end result will be 1:1, IMO.
Whether the DOW is at 3,000 or 6,000 doesn't really matter.
Gold will be at the same level and may be more than the DOW at some point in time.
The longer the FED plays with this, the longer the pain will go on.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Was hoping we'd have a good day.
Well anyhow, how rude of me: Welcome all to the Greater Depression.
Hope you’re all taking notes so we can tell our grand kids about this
for the next 50 years
If we make it...
Once the markets hit bottom the layoffs will be grabbing the headlines.
The Fireman...
While I believe that the DOW will reach
7000, it will remain erratic and spastic for
the rest of o8 and midway into 09. Earning
of the DOW and other stocks will drop
significantly meaning that 7000 will not be
a bargain compared to earnings. The next
President in the first 100 days hopefully will
be prepared to do the following:
Reinstitute all protective language, as to banks, stocks
reinsurance companies.
Limit the use of exotic financial instruments in cooperation
with other Nations in the seach for economic stability.
Bipartisan approach to fixing SOC Security as well as Medicare.
With agreement that the solution will not be subject to any partisan
advantage.
Government partial ownership in corporations essential to National security as
well as economic security such as the auto Industry. As these giants turn around,
the gainers will be the American Citizenry.
Regulations, that American Corporations must retain at least 51% control in American
hands.
Freeze on wage increases for Congress, Executive Branch and cabinet appointees ,for
a period of two years.
Establish an immediate high level dialog with Russia on all issues outstanding between
our two Nations in an attempt to resolve that which can be resolved.
Win line item veto power for President over budget as well as earmarks.
Insure sufficient funding for military medical needs and services, in light of the long combat strain
on our military personnel.
New more equitable tax structure for the Nation
Close offshore tax loopholes
Insure that Government officials are unable to act as lobbyists for a period of 5 y=ears after leaving
office. This will also include military.
Lobbyists shall not be allowed to hold government positions for at least 5 years after leaving their
lobbying positions.
Outlaw lobbyists from writing legislation, attending meetings where such legislation is being drafted
or significantly influencing such legislation while it is being drafted.
Enact legislation licensing lobbyists and levy a special tax of 500,000 dollars per year for each lobbying Firm
and 10,000 dollars each year for each lobbyist.
Modify bankruptcy law to further protect the average citizen
Reinstitute usury laws, especially as they pertain to credit cards
Limit the fees charged by mutual funds to Fund members and 401K participants.
Dramatically increase Food and Drug Administration funding, personnel and increase inspections of
foreign food stuffs, medicines and items intended for internal use or for children.
The Directors of all regulatory agencies shall not come from the Industry to be so regulated by the agency
unless such individual shall have terminated involvement with such industry, for a period of at least 5 yrears.
Camelot
<< <i>Let us not get too pessimistic here.
While I believe that the DOW will reach
7000, it will remain erratic and spastic for
the rest of o8 and midway into 09. Earning
of the DOW and other stocks will drop
significantly meaning that 7000 will not be
a bargain compared to earnings. The next
President in the first 100 days hopefully will
be prepared to do the following:
Reinstitute all protective language, as to banks, stocks
reinsurance companies.
Limit the use of exotic financial instruments in cooperation
with other Nations in the seach for economic stability.
Bipartisan approach to fixing SOC Security as well as Medicare.
With agreement that the solution will not be subject to any partisan
advantage.
Government partial ownership in corporations essential to National security as
well as economic security such as the auto Industry. As these giants turn around,
the gainers will be the American Citizenry.
Regulations, that American Corporations must retain at least 51% control in American
hands.
Freeze on wage increases for Congress, Executive Branch and cabinet appointees ,for
a period of two years.
Establish an immediate high level dialog with Russia on all issues outstanding between
our two Nations in an attempt to resolve that which can be resolved.
Win line item veto power for President over budget as well as earmarks.
Insure sufficient funding for military medical needs and services, in light of the long combat strain
on our military personnel.
New more equitable tax structure for the Nation
Close offshore tax loopholes
Insure that Government officials are unable to act as lobbyists for a period of 5 y=ears after leaving
office. This will also include military.
Lobbyists shall not be allowed to hold government positions for at least 5 years after leaving their
lobbying positions.
Outlaw lobbyists from writing legislation, attending meetings where such legislation is being drafted
or significantly influencing such legislation while it is being drafted.
Enact legislation licensing lobbyists and levy a special tax of 500,000 dollars per year for each lobbying Firm
and 10,000 dollars each year for each lobbyist.
Modify bankruptcy law to further protect the average citizen
Reinstitute usury laws, especially as they pertain to credit cards
Limit the fees charged by mutual funds to Fund members and 401K participants.
Dramatically increase Food and Drug Administration funding, personnel and increase inspections of
foreign food stuffs, medicines and items intended for internal use or for children.
The Directors of all regulatory agencies shall not come from the Industry to be so regulated by the agency
unless such individual shall have terminated involvement with such industry, for a period of at least 5 yrears. >>
WOW!!! Bear you got yer thinking cap on today!!
Isn't Fishman receiving some $20 million for sinking WAMU?
He didn't actually sink it, it was already sinking, but 2 weeks on the job, WTH.
Scott
I disagree with his suggestion that:
"Regulations, that American Corporations must retain at least 51% control in American
hands."
I don't have a problem with foreign ownership of American corporations. The factories and jobs (hopefully) stay here. American owned corporations have not hesitated to ship jobs overseas.
I'm looking for a rally if these clowns don't decide to have a panic instead.
just my guess
We are now officially in crash mode. Today's wash out really surprised me. I thought bounce for sure. >>
Not to be disrespectful, but what tipped you off, the fact that we are 40% off the high set one year ago today.
Unfortunately, I think the worse is still coming. This year is all about Wall Street and Politicians. Next year, 2009, is all about WE THE PEOPLE being laid off. Double digit unemployment. That's when it will get emotional. Riots!? Class Civil War!
Any dead cat bounce should be used to get out. Of course, I can be so glib because I got out (95%) in January 2008. One hundred percent a mere few weeks ago. I got a lot of help from the "..Predictions" thread. But until you actually do go all "in" or in this case all "out," it's tough to go against the herd. It always is and it doesn't ever get easier.
My prediction is somewhere around the time the Dow and gold cross. The part I'm not sure of is in what currency...because we are in a paradigm shift. Fundamentals as we know it don't matter right now.
Of course, this is just a rant of opinion...one of my leftover rights.
Ren
<< <i>
Not to be disrespectful, but what tipped you off, the fact that we are 40% off the high set one year ago today.
>>
I get it that we've already technically "crashed". I should've clarified that I meant
a 20% down day is now possible. Maybe they'll shut it down tomorrow.
Some of your ideas may be unconstitutional but look at what Brand D & R are proposing lately. I sometimes wonder if I landed in Charles de Gaulle.
Ren
<< <i>
<< <i>
Not to be disrespectful, but what tipped you off, the fact that we are 40% off the high set one year ago today.
>>
I get it that we've already technically "crashed". I should've clarified that I meant
a 20% down day is now possible. Maybe they'll shut it down tomorrow. >>
I agree!
<< <i>Not to be disrespectful, but what tipped you off, the fact that we are 40% off the high set one year ago today. >>
We have not even begun to see the bottom of the hole.
Some foreclosure stats from one county in one state;
Forclosure numbers;
1999- 12,935
2006- 18,916
2007-32,269
2008-43,000
Nation wide , home foreclosure is up 121%
- Marcus Tullius Cicero, 106-43 BC