PatriotsReign

Ok, but it still feels like cheating!

Real World

In July 2009 the market will be somewhere in the 12,000-13,000 range. The bailouts ensure that the market will not fail.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Patsfanin Philly

I think 9100 by June 2009 but it depends on who gets elected. If Obama wins and goes thru with his plan to raise capital gains taxes to 20%+, I can see it going lower faster as people flee equities. I'm no expert and don't pretend to be but it's mostly pyschology. Look at the Carter -Reagan years when optimism replaced malaise and markets responded......

Run DMC

We will bounce (hopefully) at the 2002 lows on all the indices. If not, we are really done as a country. I hope that does not happen.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

PatriotsReign

The contest is "Guess the bottom"

What are you thinking? Or is all this still bothering you RW?

P.S. I also believe the Nasdaq will go below 2,000.

Real World

The bottom is irrelevent. I just want to point out how overly negative you are, even though you insist you're not trying to be. You felt the need to point out that I needed to post doom, and not gloom. I'll say it won't go into the quad's (sub 10,000) if that makes you happy. I do think the market will remain volatile for the time being, cuz people will be both playing the market for quick profit, while others will be fearfull of making long term investments, until conditions are stabilzed more to their liking. However, I think that by next summer, the market will be at 12-13k, so all of this "bottom" stuff is therefore irrelevent. If congress can get a drilling bill passed before sept. 30th, then I'll be feeling even better, since it would help appease some further concerns.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

PatriotsReign

RW...FWI, Gloom is the same thing as Doom!

Ther bottom is very relevant if I say it is and I make that the subject of my thread. You wanna start one on guessing the next peak, by all means, do so!

Also, you need to realize it's fine & dandy to want to discuss a down economy as much as one would discuss a booming economy...it's OK buddy...there is nothing wrong with that.

YOU act like it's bad karma to talk about it. Why is that?

I'm a realist and I'll talk honestly about anything, good or bad. Since you know I love economics, you need to understand that we're in historic times right now and that is damn interesting whether you like it or not. This is and will continue to be a historic recession...or down economy for those who think it's not a recession...whether you believe it or not. So stay tuned buddy.

I also LOVE hurricanes! I'm a weather buff as well. If I hear we're gonna get hit by a hurricane, I get psyched! If I hear a huge blizzard is coming in the winter, I'm like a kid! I watch every forecast I can! It's fairly common and there's nothing wrong with it so get used to it.

maverick4

Are you serious?

I'm not too sure you understand economics very well. The recent bailouts create the absolute certainty that within 2 years interest rates will SKYROCKET. The market will be slightly more than half what you predict.

BelichickFan

OK, we bottomed out big time today which fulfils the first part of my prophecy. I said 10,600 and we were at 10,609.

The Volatility Index indicates capitulation levels which usually means we're at the bottom or close to it. So maybe I'll be right or maybe the problems are too systemic for the normal signs to mean much

Real World

You can create a thread, and I can opine to it's content. I think the bottom is irrelevent, since I personally feel the market will be at 12-13,000, at the same you point you think it'll be bottoming out. Time will tell I guess. I'll pick ZERO as the bottom if it would make you happy, or send a Matthews up your leg.

BTW, I have no problem discussing ups, down, or whatever else about the economy. I just have a hard time finding it a point to discuss such a topic with someone who's not interested in anything other than extremely bad news.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897