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dow closes at 7552
Tweet Topic Started: Nov 21 2008, 05:39 AM (103 Views)
troubleatiu Nov 21 2008, 05:39 AM Post #1
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who called it? i know lars, you said something in the 5000-10000 range was possible.
its about time to buy. it may go somewhat lower still, but we have to be close to bottom now.
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"What luck for rulers that men do not think."- Adolph Hitler
"Terrorists don't want your freedoms--they want your life. It's dictators and tyrants who want your freedoms."-author unidentified
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HoosierLars Nov 21 2008, 11:10 AM Post #2
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We're under 7500 as I type this, and seemed to get to this point far too easily, and fast. Fear and capitulation are ruling the day, but is blood running in the streets yet?
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sirbrianwilson Nov 21 2008, 02:38 PM Post #3
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i don't really see how anyone could say this is the bottom with confidence. it's based on nothing.

sure, it may be the low point..and the market won't crash to < 4000 or anything, but looking around with what's going on in the retail/gas/auto/etc. industries, i don't see this horse making any positive strides in the immediate future.

br
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boilergrad01 Nov 21 2008, 03:22 PM Post #4
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sirbrianwilson
Nov 21 2008, 02:38 PM
i don't really see how anyone could say this is the bottom with confidence. it's based on nothing.

sure, it may be the low point..and the market won't crash to < 4000 or anything, but looking around with what's going on in the retail/gas/auto/etc. industries, i don't see this horse making any positive strides in the immediate future.

br
Good call Sir Bri electric rates will greatly increase over the next few months and with what looks like a very cold winter so will energy demand
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Mr Gray Nov 21 2008, 04:07 PM Post #5
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with the national debt we are running up, it won't really matter much anyway....the market will have no chance of keeping up with inflation
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dreachon Nov 21 2008, 04:22 PM Post #6
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Meanwhile the Peso is down to 14/dollar and I am livin the HIGH life! Thank America! Just remember to fix yourself before I come back ;)
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troubleatiu Nov 21 2008, 08:20 PM Post #7
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yeah, well, at least i threw a number out there 3 monthes ago. (which *ahem* has come to pass.) now im hearing possibly 6400 by new years eve. as of this posting, that's the forecasted worst case bottom. good news is.. itll soon be time to buy. ...but what do i know?
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"What luck for rulers that men do not think."- Adolph Hitler
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HoosierLars Nov 21 2008, 08:27 PM Post #8
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troubleatiu
Nov 21 2008, 08:20 PM
...but what do i know?
About the same as the rest of us, a little bit more than nothing. :chug:
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sirbrianwilson Nov 21 2008, 09:08 PM Post #9
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i missed the ball on buying torchmark. fuck.

br
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troubleatiu Nov 22 2008, 11:16 AM Post #10
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Nov 21 2008, 08:27 PM
troubleatiu
Nov 21 2008, 08:20 PM
...but what do i know?
About the same as the rest of us, a little bit more than nothing. :chug:
about the time you think you have it figured out, they change the rules.
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"The illegal we do immediately. The unconstitutional takes a little longer."--Henry Kissinger
"What luck for rulers that men do not think."- Adolph Hitler
"Terrorists don't want your freedoms--they want your life. It's dictators and tyrants who want your freedoms."-author unidentified
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brumdog44 Nov 22 2008, 06:35 PM Post #11
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troubleatiu
Nov 21 2008, 05:39 AM
who called it? i know lars, you said something in the 5000-10000 range was possible.
I'm calling it now: the dow will bottom out at a number somewhere above 0.
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