Predict Dow Jones Gain/Loss by Close for Thursday 10/9/08

[TheEvilDetector]

Please pick the closest number.

Keep in mind that because short sale ban expires at midnight, there will be short selling of Financial Stocks on Thursday for the first time in 3 weeks.

Let's see how accurate RPF members are.



NYSE Hours: 9:30am - 4:00pm ET

DJIA (Dow Jones Industrial Average) Index can be seen here:
http://finance.yahoo.com/q?s=^DJI

Note: I will post a screenshot of the guesses above once the NYSE market starts trading, to prevent skewing of results,
due to guesses made after market opens and especially after it closes LOL

Votes at 9:30am ET (Market Open)

--

Final Numbers:

Dow Jones Industrial Average
(DJI: ^DJI)
Index Value: 8,579.19
Trade Time: 4:07PM ET
Change: Down 678.91 (7.33%)
Prev Close: 9,258.10
Open: 9,261.69
Day's Range: 8,579.19 - 9,448.14
52wk Range: 9,042.97 - 14,280.00

PS. Info that may be interesting to some relating to the ban that expires at thursday midnight.

http://www.straitstimes.com/Breaking+News/Money/Story/STIStory_287242.html

 

[BoBoDuFlachi]

-100 thur - 250

 

[Dequeant]

Gain 200.

Unless someone releases earnings early, then it'll be in the red 100 to 250.

 

[rapidtrends]

Loss 200, that is after it gets pumped back up from a loss of closer to 500 in intraday trading.

What do I win if I am right? =)

 

[TheEvilDetector]

Loss 200, that is after it gets pumped back up from a loss of closer to 500 in intraday trading.

What do I win if I am right? =)

Respekt @ RPF

 

[jclay2]

I'm sorry, but there has got to be a dead cat bounce somewhere in here. Even during the crash of 1929 the market had big rallies. There could very well be a lot of carnage left, but don't expect everything to be in a straight line.

 

[eric_cartman]

i think we'll have a bear market rally. i voted +400 (and it looks like a few other voted this too).

but that's just a pure guess... i definitely wouldn't put any money on that bet. but we've gotta have a rally at some point... and people are so bearish right now, that we might get a bit of a rally to bring the suckers back into the market.

 

[aravoth]

Bounce around all day, rally up 300

 

[raiha]

dead cat bounce

??

the mind boggles!

Not a clue do i have...dropping 1000, i said, because i'm a Capricorn!

 

[Indy Vidual]

Thursday 10/9/8...

Dow down -765

Let's hope I'm wrong.

 

[Knighted]

My guess is that the fall has largely already occurred. If the short ban artificially propped up the prices of stocks in the financial sector, people should have anticipated that a fall would occur on Thursday upon the ban's expiry and largely already priced that into the market (probably over the last few days.) But it's possible that the big money is anticipating more intervention into the markets, such as through an extension of the short ban. In that case there could be some room for another fall tomorrow if that doesn't come to fruition. I really think we're due for that dead cat bounce soon, though, despite the fact that the cat has been weighted down heavily with monopoly money over the last few weeks.

 

[Dorfsmith]

I'm expecting up to a 400 point bounce.

 

[TheEvilDetector]

Bump for more votes. Only 70 minutes remain before market opens.

 

[ryanduff]

My guess is that the fall has largely already occurred. If the short ban artificially propped up the prices of stocks in the financial sector, people should have anticipated that a fall would occur on Thursday upon the ban's expiry and largely already priced that into the market (probably over the last few days.) But it's possible that the big money is anticipating more intervention into the markets, such as through an extension of the short ban. In that case there could be some room for another fall tomorrow if that doesn't come to fruition. I really think we're due for that dead cat bounce soon, though, despite the fact that the cat has been weighted down heavily with monopoly money over the last few weeks.

Maybe this explains yesterday's 200 point drop in the final 15 min... anticipation of the short ban being lifted.

I still expect to see more of a drop after Asia/Europe doing so-so. They followed in the wake of the point drop. Our so-so day was yesterday and time to start down the next hill on the roller coaster.

 

[TheEvilDetector]

bump for votes. 45 minutes remaining

 

[Dr.3D]

I think it will bounce up today.

 

[winston_blade]

Gain 300. You know I'm right.

 

[TheEvilDetector]

bump. 30 minutes remaining till market opens.

 

[FunkBuddha]

+400. But what do I know?

 

[JenH88]

around -300...