Dow 7500

Discussion in 'Stock Market' started by DavidS, Nov 20, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    http://finance.yahoo.com/q?s=^DJI

    Massive 443 point sell off today. Anyone wanna bet we reach 6900 before Thanksgiving?
     
    Last edited: Nov 20, 2008
  2. Sunni Man
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    Sunni Man Diamond Member

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    The Dow has been over inflated for a long, long time.

    It is just going to where it should really be.
     
  3. Mad Scientist
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    Mad Scientist Feels Good!

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    I've heard many different opinions of how far the market will drop. Someone today was saying that 7200 is the bottom another said 6500-6000 or so. I would gauge the market rebounding on the price of oil. I don't know where it will bottom at but oil should start going back up when the economy starts to pick up just because the economy runs on oil.
    Where the market is at that time is anyone's guess.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    In that case, I would see the market around 6000 as oil is predicted to be around $40/barrel.
     
  5. Care4all
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    Care4all Warrior Princess Supporting Member

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    gosh, this is sooooo dejavue....rather, history, repeating itself!

    :(
     
  6. Toro
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    Toro Diamond Member

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    Stocks are trading at nearly 10x normalized earnings.

    Its dirt cheap.
     

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