This time Next week - Dow Jones.

[holyroller]

The dow closed at 10,325.38 after the news of the bail out. Showing there is a lot of truth in the saying, Buy on rumour, Sell on news.

So next week where is the Dow header. Under 10,000? Above 11,000? or just bouncing off the 2 values?

Personally I think it needs a break above 11,500 to show any real positive sentiment, any sustained break below 10,000 will put the bears (not the ones from Chicago) in control and we could see it heading a lot lower.

I think next week will be very volatile although it might hold above 10k, its hard to see any real positive gains though. What are other peoples estimates.

 

[cityforums.com]

The dow closed at 10,325.38 after the news of the bail out. Showing there is a lot of truth in the saying, Buy on rumour, Sell on news.

So next week where is the Dow header. Under 10,000? Above 11,000? or just bouncing off the 2 values?

Personally I think it needs a break above 11,500 to show any real positive sentiment, any sustained break below 10,000 will put the bears (not the ones from Chicago) in control and we could see it heading a lot lower.

I think next week will be very volatile although it might hold above 10k, its hard to see any real positive gains though. What are other peoples estimates.

I read somewhere that the next decade or so may be real rough primarily

due to the babyboomers exiting the marketplace for most big items ... next

week will probably be a roller coaster again but longer term things may

get tough.

 

[notlikeyou]

Personally I think 10k is the magic number, if it dips below that mark it's going to get even uglier (Say 7500, 8500). It's a rather visual barrier as well for the casual investor. Depending on one's time horizon, there are many many stocks out there that are at outrageous bargains. I've been padding my account with blue chips as the deals arise.

 

[GILSAN]

Also the 3rd quarter earnings reports will start next week in addition to what you mention, making it extremely volatile. Your guess is as good as mine. Everytime I think I know the markets a little better you get days like today that confuse the hell out of me.

Because of all this volatility I will make a guess and predict the markets will go up, for a change.

 

[holyroller]

It broke 10,000 straight away, unless we see something close to 10k or above by the end of the day this could prove to be a major resistance point for the Dow.

 

[yandig]

Personally I think 10k is the magic number, if it dips below that mark it's going to get even uglier (Say 7500, 8500). It's a rather visual barrier as well for the casual investor. Depending on one's time horizon, there are many many stocks out there that are at outrageous bargains. I've been padding my account with blue chips as the deals arise.

Heck, we might hit 8500 TODAY

 

[holyroller]

Heck, we might hit 8500 TODAY

finish above 10,000 for the week now looks decidingly impossible, in fact it could even finish below 9000 now

 

[GILSAN]

The markets are in panic and there is no rationale, like a ruderless boat. I don't like what I see at all. It just makes a very bad situation a whole lot worse.

It's another lowsy day and the DOW looks set to end well below 9000.

 

[yandig]

Yes, approaching 8500 now.

 

[Mike]

this is absolutely insane! Mad Money - Jim Cramer is an absolute MUST see tonight!

M.

 

[holyroller]

The markets are in panic and there is no rationale, like a ruderless boat. I don't like what I see at all. It just makes a very bad situation a whole lot worse.

It's another lowsy day and the DOW looks set to end well below 9000.

Most is just down to bad sentiment at the moment and is pretty detached from reality.

 

[yandig]

this is absolutely insane! Mad Money - Jim Cramer is an absolute MUST see tonight!

M.

What's insane is that our country for 40 years has run on loans and debt with NOTHING to support the foundation. What we're seeing in the market now is a reflection of living beyond our means. Nobody knows if the company that is represented on their stock will be around in one year, because so many of them were surviving on loans that they can't get now.

 

[GILSAN]

Even Gold which is normally a safe haven in these circumstances went down today. Everything's gone haywire. I wonder what government's will throw at the markets tonight or tomorrow to try and turn things around. If too many people start panicking we'll have a herd stampeding to remove their savings. Things could get out of control. The US markets should not have allowed shorting to come back today.

 

[holyroller]

The US markets should not have allowed shorting to come back today.

They should never have stopped shorting in the first place. In fact it is the continual intervention that is causing more problems, panic, confusion, etc..

 

[Jeff]

We may have another ~ 15% - 20% to go off the Dow, IMHO ... it looks more like time (hopefully allowing for more certainty with regard to purchased bad debt) and possibly to a lesser extent the election results are the only items - along with some regular technical support (computer trading) and institutional bargain hunters - that may help to stop the freefall, in my judgement. :gl:
If Obama wins, stocks rise ... if McCain wins, stocks fall! :imho:

Hang on tight!
-Jeff

 

[armstrong]

If Obama wins, stocks rise ... if McCain wins, stocks fall! :imho:

I'd rather bet on intrade! https://www.intrade.com/

Hi, folks!

 

[Jeff]

Apollo! :hi: :great: