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OK Prognosticators, what's your call for the week ?
02-11-2018, 11:50 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,877
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OK Prognosticators, what's your call for the week ?
My crystal ball is in the shop after suffering some serious crackage due to a high velocity meeting with a stationary object last Monday. So what's the call for this week on the ever eventful DOW, up, down, sideways ?
I'm SWAGing another interesting and volatile week, maybe up or down a grand either way, no more, no less !
What say the wise sages and prognosticators of the forum ?
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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02-11-2018, 11:54 AM
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#2
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
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I'll refrain from commenting about whether or not prognosticators get pimples and hair growing on the palms of their hands.
I will admit that I have ZERO idea of what will happen in the market, and think it would be the ultimate in hubris to pretend that I do. Still, like most, I have irrational, completely unreliable hunches based on absolutely nothing. Mine tell me that the market will stay relatively stable for the first part of the week, and then continue to drop precipitously maybe starting next Thursday or Friday.
But who knows?
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-11-2018, 11:59 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Will definitely go up, if it doesn't fall.
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02-11-2018, 12:04 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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I have no idea what will happen, but I hope for at least a small increase so that I can sell all the equities that I bought last week.
I will say that this kind of reminds me of the time that Congress tried to default on debt in early August 2011 with a few up/down days of 4% each day:
Eventually, the bottom was reached late Sept-early October.
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02-11-2018, 12:05 PM
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#5
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,642
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I'll get back with you once I have a clear reading.....
crystal_ball.JPG
__________________
*********Go Astros!*********
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02-11-2018, 12:58 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Without a doubt, the market will definitely _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _.
Once again, I've called it.
__________________
Never let yesterday use up too much of today.
W. Rogers
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02-11-2018, 01:01 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
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I'll give a WAG (not even able to use the qualifying S)
Lots of ups and downs finishing S&P down 5%.
And I'll lose 5 lbs at the gym and dieting. Or maybe by taking the rocks out of my pocket.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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02-11-2018, 01:01 PM
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#8
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Recycles dryer sheets
Join Date: Oct 2011
Location: Upstate Ruralia
Posts: 356
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Perhaps watching Asian and European futures tonight will give us a clue?
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02-11-2018, 01:08 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by LOL!
I have no idea what will happen, but I hope for at least a small increase so that I can sell all the equities that I bought last week.
I will say that this kind of reminds me of the time that Congress tried to default on debt in early August 2011 with a few up/down days of 4% each day:
Eventually, the bottom was reached late Sept-early October.
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+1 on both what I will do, and also what the market will.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-11-2018, 03:16 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Lcountz
Perhaps watching Asian and European futures tonight will give us a clue?
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I don't trust them at all as they were not that helpful last week.
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02-11-2018, 03:33 PM
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#11
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Recycles dryer sheets
Join Date: Dec 2016
Posts: 411
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my call: down slightly beginning of week to shake out the nervous investors and then mostly sideways rest of week
not really sure that all the international investors have reacted to the domestic market. may still have some reaction.... but i’ve seen some uptick on CD rates recently- - noticed because my old part of ladder just matured and held off until the new rates got priced in
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02-11-2018, 03:48 PM
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#12
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Administrator
Join Date: Apr 2006
Posts: 22,971
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"It will fluctuate." -- J.P. Morgan
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Living an analog life in the Digital Age.
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02-11-2018, 03:53 PM
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#13
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Full time employment: Posting here.
Join Date: Dec 2012
Posts: 751
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Here it is, pulled right from my personal place where sun does not shine: 2 more weeks of continued volatility with a general downward trend. DOW bottom will be somewhere between 22000. and 23000. before returning to a upward trend as the bull is not yet dead.
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02-11-2018, 03:57 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,001
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Quote:
Originally Posted by frayne
My crystal ball is in the shop after suffering some serious crackage due to a high velocity meeting with a stationary object last Monday. So what's the call for this week on the ever eventful DOW, up, down, sideways ?
I'm SWAGing another interesting and volatile week, maybe up or down a grand either way, no more, no less !
What say the wise sages and prognosticators of the forum ?
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This week? Hah! I’m just waiting for the 10yr to reach 3.15%, then I’ll see what happens.
I think the S&P500 will visit its 200dma again, but I hope it takes more than a week!
__________________
Retired since summer 1999.
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02-11-2018, 04:05 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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I never know what the market is going to do. I don't think it will be flat. It will either go up or down several %.
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02-11-2018, 04:18 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,637
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Did my taxes this weekend, so all other financial thoughts are blocked for at least a week so I can rest what few brain cells are left.
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02-11-2018, 04:20 PM
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#17
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Full time employment: Posting here.
Join Date: May 2007
Posts: 881
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Just finished Mandelbrot's old book, The (mis)Behavior of Markets, so I wouldn't be surprised to see more down days, IF one of his findings, that market movements cluster, is correct.
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
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02-11-2018, 04:22 PM
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#18
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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Have no clue. I was stunned to see that the DJIA went up 330 points today - just like last Friday. Then I found out that today is Sunday.
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02-11-2018, 04:26 PM
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#19
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 297
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row row row the boat,
up and down we go.
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02-11-2018, 04:27 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,231
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Futures are up so that's a good start....
https://www.cnbc.com/pre-markets/
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The plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
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