brushfire
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Official death of the Dow thread.
- Thread starter Carehn
- Start date
pcosmar
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Curious.
Watching to see what exactly happens.
I have no money in the market.
Am Unemployed (with no real hope of employment)
Have listened to many predictions for some time.
I'm standing on the Moon.
I'm glad you listed that.
I was number 3) "afraid", but I am more concerned than anything at this moment. That may change as the day wears on.
moostraks
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curious would be about my stance as well...maybe mixed with a bit of concern as to how things pan out as the media spins the issue to tptb's advantage.
Diurdi
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-350 already.
flightlesskiwi
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option 7 (and a bit 3--afraid)
no money in the stock market here.
but i want to be able to feed my kids in the future.
Kludge
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10-yr treasury bond yield dramatically down, suggesting faith in USG (relative to EU, at least) is majorly up.
eduardo89
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it's still early. it'll probably drop down a bit more, before it stabilizes and closes at the -250 to -302 range
The only reason it would do that it is because of the day traders. If it does go down and closes next to 500, it's because it has a lot further to go and the day traders will wait.
eduardo89
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-304.63 (-2.66%) as of 10:50AM EDT
I actually should revise my prediction to -300 to -320, which would be about the same percentage drop that we saw in Asia and Europe today.
Nasdaq seems to be taking more of a hit than the DJIA, currently at -3.85%!!
I actually should revise my prediction to -300 to -320, which would be about the same percentage drop that we saw in Asia and Europe today.
Nasdaq seems to be taking more of a hit than the DJIA, currently at -3.85%!!
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osan
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Down about 250 so far.
Dow has lost about 10% of its value in the past several days. Market lost 6% in '29 and that was called a "crash". Funny how that word is getting no traction in the MSM these days.
Move along folks... nothing to see here.
-287 moments ago.
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dow
Hard telling where this thing will close. Depends on if any other bad or good news comes down. Also depends on if the Fed will pump money into the market. CNBC thinks that will happen around 11,000 if it dips that far, A lot of people might have a lot of automated sell offs set around 11,000 and that will cause a domino effect. I'm surprised we didn't have a 500 point drop.. I guess -350 was close enough.
Hard telling where this thing will close. Depends on if any other bad or good news comes down. Also depends on if the Fed will pump money into the market. CNBC thinks that will happen around 11,000 if it dips that far, A lot of people might have a lot of automated sell offs set around 11,000 and that will cause a domino effect. I'm surprised we didn't have a 500 point drop.. I guess -350 was close enough.
angelatc
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I was up late last night watching it tear up the charts. According to Kitco, spot hit $1716.50 at one point, but couldn't hold it.
My Dow today prediction - -130.
Are you thinking there is going to be a late rally? Looks like widespread uncertainty right now but typically clarity is gained as the day goes on. I'm wondering if this is in response to something other than the downgrade 'cause it seemed like the market tumble last week was related to the impending downgrade. Could this be the result of Fannie and Freddie and a bit of a delayed reaction to the unemployment numbers? Funny how the Asian markets rushed to PM's and the U.S. market rushes to Treasuries.
I just hope it doesn't drop too far. I have been unemployed for over a year. I have a couple of interviews this week for a couple of positions that just opened up. I hope this doesn't crash too hard where they say "sorry we decided we aren't going to hire right now"..
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