Predictions - next 6 trading days

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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    Friday - November 21 - Dow rallies 300+ points on people moving in to buy cheap stocks.

    Monday - November 24 - Dow falls 200+ points on bad news
    Tuesday - November 25 - Dow up 100+ points
    Wednesday - November 26 - Quiet day, light trading
    Thursday - November 27 - CLOSED
    Friday - November 28 - FREEFALL - Speculation about horrible holiday season
    Monday - December 1 - Dow rallies on speculation of an auto bailout

    By the time the automakers are back on Capitol Hill begging for money in their $10,000 suits, the dow will be around 7900.

    By the time the year ends, we'll be around 6200.
     
  2. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    We need to keep this thread up until Dec 1 just to see if you have crystal balls! :lol:

    -Joe
     
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  3. tigerbob
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    tigerbob Increasingly jaded.

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    If he has crystal balls I don't wish to see. :eusa_hand:
     
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  4. DavidS
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    DavidS Anti-Tea Party Member

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    If I'm wrong, I'll use whatever avatar Crimson chooses for me to use... except for a Boston Red Sox avatar. I will NEVER use anything remotely related to those vile pieces of scum.
     
  5. NOBama
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    NOBama Senior Member

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    If the following is any indicator of today's action, I want to help CW pick out your new avatar.

    Oh yeah, world futures are up nicely, as well. :lol:
     
  6. editec
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    editec Mr. Forgot-it-All

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    There's just too much bad news out there waiting in the wings for me to think that the market is going to rally anytime soon.

    PERHAPS Obama can change this nation's zietgiest when he take office.

    But right now, now while people who are working are worried about losing their jobs, and while hundreds of thousands of people are losing their jobs every month, while the prices of people's real estate continues to drop, while banks are continuing to hoarde money, I cannot see anything that can rally confidence on Wall STREET or MAIN STREET.

    I see no plans in the Obaman gameplan that will change the FUNDAMENTAL problem that is destroying this nation's economy.
     
  7. NOBama
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    NOBama Senior Member

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    Man, when life throws Lemons at us, all we can do is make lemonade.

    Until "change" comes, I'm going to kick the market around like a rented mule. I'm not trying to brag so I'll just say: This market has been more than kind to me and it could be to you, as well. Little retailers like us don't even make a dent in the bucket.

    The big dogs will determine which way this ship goes, not us, we just sit around and yak, and they know it.
     
  8. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    Well said. Even if Wal-mart doesn't sell as much cheap Chinese crap this year, Christmas is going to come and people have to eat.

    -Joe
     
  9. NOBama
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    NOBama Senior Member

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    That's true (I hope LOL!). I bought some WMT about a week ago. I'm down a few bucks but I'm not worried, yet.

    As far as staples go, especially food, I've been keeping an eye on companies like Potash (POT). They may wind up doing better than the retailers if the crap continues to hit the fan. POT, like everything else, has taken quite a haircut since our trusted leaders decided to let us know what's going on but, come spring it will head north, IMO. I'm tempted to dabble in it now, but I'm holding out for a while longer.
     
  10. editec
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    editec Mr. Forgot-it-All

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    Oh, I do not doubt that a prescient investor can make a killing in this market. In fact a market like this is where people who know what they're doing can make the most money.

    But the question wasn't can you or I do well, the question (I thought) was will the market rally?


    My answer to that remains the same.

    Not bleedin' likely.
     

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