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View Poll Results: Dow's approximate bottom will be:
6800+ ( we are at it now, up from here!) 18 11.11%
6500 20 12.35%
6250 10 6.17%
6000 29 17.90%
Below 6000 (Honey, sell silver on ebay! You like Fancy Feast?) 85 52.47%
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Old 03-02-2009, 02:44 PM   #41
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The bottom will definitely be 6284. If someone has already picked this number then it will be 2468.
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Old 03-02-2009, 02:46 PM   #42
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Well the good news to me is a 10% loss on what I have is much less money than 10% of what I had

Interestingly enough at this time we about evenly split whether the bottom is going to be above or below 6000.
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Old 03-02-2009, 03:04 PM   #43
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My guess: 6763.29

What's with the errors in the Yahoo charts?
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Old 03-02-2009, 03:12 PM   #44
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Well the good news to me is a 10% loss on what I have is much less money than 10% of what I had
I swore off rebalancing in November, so I'm only 50/50 now. So now I'm only losing money half as fast...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 03-02-2009, 03:14 PM   #45
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What Bill Gross said. Although a little early. Dow 5500.
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I have been out-pessimisted!
Old 03-02-2009, 03:17 PM   #46
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I have been out-pessimisted!

Quote:
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5274 by 9/2/2009. Final bottom for the DOW in 2010 at 2755.
2755!!!


Geeze!
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Old 03-02-2009, 03:20 PM   #47
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Isn't Bob Brinker saying 500 for the S&P and 5,000 for the Dow is a real possibility? (sigh) Do I have the backbone to hang in there is the question now?
Brinker has been doing "gift horse, all in buy calls" since S&P 500, 1550. He just did another one about 2 months ago and called S&P 500, 850 "the bottom of this bear market". (these are just the recent "all in" calls).

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Old 03-02-2009, 03:24 PM   #48
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OK,......... bottom. Would you like to hear it a again?
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Old 03-02-2009, 03:26 PM   #49
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After today i'm capitulated. Can no longer take it.
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Old 03-02-2009, 03:40 PM   #50
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Old 03-02-2009, 03:51 PM   #51
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Quote:
Originally Posted by TromboneAl View Post
My guess: 6763.14

What's with the errors in the Yahoo charts?

It's the patient that's flatlined. No, wait, it's the market? Hrmm... needs a shot of adrenaline? No, wait, stimulus. Er, nevermind. Bah, I give up.

It's hard to make a guess without accurate data. My crystal ball has been affected by mark to market. Nobody wants to buy the damn thing.

6250-6500.

-CC
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Old 03-02-2009, 03:57 PM   #52
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2755!!!


Geeze!
Just a guess mind you but I figured something close to 80% from the high of 14164 would be right if this is Great Depression version 2. Let's hope I am wrong.
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Old 03-02-2009, 03:57 PM   #53
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6286


Just imagine though what a buying opportunity it will be if we hit 6k, 5k...or whatever. Those with a 20 yr horizon like myself might make out like bandits.
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Old 03-02-2009, 04:05 PM   #54
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5678 - interesting times....strangely I am quite calm - I was much more upset when the Dow went below 12,000(greed was still there - not just staying ERed). Maybe I am getting used to this carnage? I have cash for about 4-5 years before having to dip into stocks/funds - if we are still below 7,000 at that point I am gonna really feel it.
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Old 03-02-2009, 04:11 PM   #55
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5678 - interesting times....strangely I am quite calm - I was much more upset when the Dow went below 12,000(greed was still there - not just staying ERed). Maybe I am getting used to this carnage?
Between the fact that my AA into stocks has declined (and thus each 3% drop is "only" a 1.5% hit now) and that I'm basically numb from all the losses, it's easier to stay put. These will be interesting times for me to tell the young'uns about in a few decades, that's for sure.
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Old 03-02-2009, 04:35 PM   #56
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5750.

Things are never as they seem. They are either much worse or not nearly so bad. Right now, Id say they were both.

But the worlds not gonna come to an end and capitalism is not dead. Its just having a bit of a convulsion.

Im thinking of opening a margin account.
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Old 03-02-2009, 05:10 PM   #57
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5500 that is the bad news. The good news is I am not backing away from my prediction of 12,000 close by the end of the year.
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Old 03-02-2009, 05:16 PM   #58
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5987.

Where did that come from? Who knows. All I know is the Dow is just 10 stocks, it's not the entire market, and I also know the stock market in general is being fueled by emotion rather than enthusiasm for well run businesses.

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Old 03-02-2009, 05:28 PM   #59
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Quote:
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5987.
All I know is the Dow is just 10 stocks,
It's actually 30, but your point is still valid.
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Old 03-02-2009, 05:30 PM   #60
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What happens when the terrorists decide to test the new administration
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