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We'll see what earnings come through with and that should decide where it goes.
I still think we're bound to see 5000 on the dow. Of course if I was any good at this shit I've have far for dough than I do now.
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What I would really like to see is some of this actual financial advice beyond the sky is falling.
Anyone can claim - Hey next week will be shitty. When its a good week, everyone is happy.
Making a claim like, "invest in WizBang, new information is coming that they are about to release widget 7.2.0 and WalMart just added it to all their stores."
That would be actual financial advice.
If you look at the two year chart on the dow, it's reached a point where traditionally it will either restart it's downward trend or it will "break out" and keep it upward momentum going.
The other option is it will simply move sideways and form a bottom to the trend.
I don't see the overall strength in the economy to justify any further upward movement. We've been warned there's further bad news to come. I think it's a reasonable prediction. I don't know about 1500-3000, but 5000 isn't out of range. I don't see the employment numbers being that bad to think 3000 and below is possible.
Although if the dollar collapses and the foreign money pulls out he could be on the mark. In that case you won't be worried about Wall Street.
Your guesses are rarely, if ever, correct and are so generic in content that any swing you could point at as your "being correct"
I don't pretend to be an expert, so I don't make market predictions.
You do pretend to be an expert and you don't really make market predictions either...you just toss out negative bullshit and hope some of it sticks
Pit Row
Well, lets hear Flavrider and Tiki give us their take on it, or shall they continue to sit on the sidelines throwing rotten eggs like superior Monday morning quarterbacks.
Here's my prediction. More foreclosures in Sacramento valley and Las Vegas.
Followed by increase in home sales from the last quarter. I feel comfortable saying this due to the same people that foresaw the issues that we just experienced are pointing this out.
Here is another solid prediction. Market will drop October 1. Why? It does every year. New fiscal year for Federal Spending,Holiday season approaching, lazy business, weather and it has done this for the past 30 years I have been investing in the stock market. WOW come to think of it, hasn't all horrible drops happened in October? O-M-G What are the odds of that guess?
So my advice, be like everyone else and sell off Sept 31 prepare to buy come March 1. Take it for what it is worth. Have fun, invest money you don't mind losing, start small and there is no such thing as a free lunch, quick buck or easy money. Money comes from lost of hard work, motivation, calculated risks and luck respectively.
You can say I am making negative comments about what the market is doing, but I have told you this for over 18months now and I have been right.
Its ALSO a time for preperation for the GREAT once in a lifetime opportunities to enter markets at all hostorical lows. I see that as a HUGE positive....
If were going to make general predictions with absolutely NOTHING SPECIFIC, just general comments or predictions that can be done with monkeys and darts, then let's go for it and all be experts, because your "predictions" are as general as the monkey with the darts' prediction
Market will be down tomorrow
WOO WOO!! I AM AN EXPERT!!
End of the month, unemployment will be up again.
DAMN, I AM FUCKING BRILLIANT!!
Give a day that your above prediction begins, for how long and how low....Let's hear it sport, otherwise you're a full of shit bullshit hack
Give us a DATE, TIME FRAME and MARKET LOSS PERCENTAGE
I felt the DOW would rise above 9000 since March, but it has failed only getting to almost 8900, which shows it is still VERY bearish. It still might rise but highly doubtful. During the next month resistance will be around the 7800 area.
Waxman-Markey in my opinion will annihilate the US economy.
and I love this "I'm not predicting, I'm making forecasts of whats to come"
Um...yeah.....
That is funny
Meridth Whitney was just on an she forecast Unemployment going to 13% and the market in the toilet (my intrepretation of her words) thru 2011.
I think it MAY go as high as 11%, likely mid to upper 10's
This is according to many economists and forecasters.
If you look at the numbers, the rate of increase has been slowing over the last few months.
It was all in free fall prior to that, this is part of that slowing train analogy...you're not going to stop unemployment increases overnight, it takes time and is one of the last indicators....everything happens first and then unemployment moves, so if unemployment is slowing, that is a good indicator of other things improving, which the data shows.
Market is going to swing wildly for a while because of emotions and fear until the entire system stabilizes, which will take some time
The "Chicken Little" experts certainly aren't helping anything and are usually proven wrong
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