Dow 8,000?

Discussion in 'Stock Market' started by DavidS, Jul 1, 2010.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    I'm getting concerned about the increasing potential for another long-term market crash like we had during Winter 2009. The DOW has fallen below 9750 and every time the DOW has fallen below that, it has hit 9000.

    I'm going to call the bottom of this current market at 8000, give or take 100 points or so.
     
  2. Old Rocks
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    Old Rocks Diamond Member

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    Then it jumps past 10,000 again today. Hmmmmm.......
     
  3. Baruch Menachem
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    Baruch Menachem '

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    Neither one of you give up your day jobs, kay?
     
  4. Toro
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    Toro Diamond Member

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    I think it is very possible.
     
  5. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    Yeah, I don't think it will tank unless it looks like Republicans really are going to get anywhere the numbers they are thinking in congress.
     
  6. Mr Clean
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    Mr Clean Gold Member

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    Sorry, but no today.

    Maybe you'll have better luck tommorrow.
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    I am amazed the market is going up. Virtually every piece of news is negative for earnings down the road, with economists predicting a slow down next year. Why would you possibly want to buy stocks now? I suspect new lows are coming ahead of November.
     
  8. Paulie
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    Paulie Platinum Member

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    No one's trading on fundamentals anymore.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    I am, so your statement is wrong.
    If they arent trading on fundamentals, what are they trading on? Short term mometum? That usually ends up with big losses when the market suddenly turns. I've been doing this longer than I care to think and that's what happens.
     
  10. editec
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    editec Mr. Forgot-it-All

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    Sir Isaac Newton -- when asked to comment on his loss of 20,000 pounds due the collapse of the South Sea Company.

    I think if one isn't an Insider gaming the system, the best hope for an investor is to understand not balance sheets or markets but social psychology.

    Sadly, knowing how that zietgiest is changing from day to day (and with each bit of news) is a bit of a trick even if you're a master at understanding how the herd thinks.
     

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