Where will the stock market (DJI) be in 7 days?

[mizary]

Where will the dow be at the end of next week?

7 days ago I don't think many people would have guessed it would end the week around 8,000.

where could it go?

lower? higher?

7,000?

5,000?

lower??!!



--mizary

[berzerker]

http://www.treehugger.com/toilet-llqq-001.jpg

[Christian]

Or worse:

http://z.about.com/d/classicrock/1/5/G/5/collins_3.jpg

[silentpaul]

http://www.istockphoto.com/file_thumbview_approve/118382/2/istockphoto_118382_old_drain_01.jpg

[jneale]

it isn't the end of the world, this has happened before & will happen again

things will be crap through the end of the year, next year will be slow, 10 will be back to normal

[Poolio]

it isn't the end of the world, this has happened before & will happen again

things will be crap through the end of the year, next year will be slow, 10 will be back to normal

That's my thinking too. As long as there isn't a bank panic and people drain their bank accounts, it'll hurt for awhile but we'll be okay.

[the_birds]

Black Friday

Artist: Steely Dan
Album: Katy Lied

When Black Friday comes
I'll stand down by the door
And catch the grey men when they
Dive from the fourteenth floor
When Black Friday comes
I'll collect everything I'm owed
And before my friends find out
I'll be on the road
When Black Friday falls you know it's got to be
Don't let it fall on me
When Black Friday comes
I'll fly down to Muswellbrook
Gonna strike all the big red words
From my little black book
Gonna do just what I please
Gonna wear no socks and shoes
With nothing to do but feed
All the kangaroos
When Black Friday comes I'll be on that hill
You know I will

When Black Friday comes
I'm gonna dig myself a hole
Gonna lay down in it 'til
I satisfy my soul
Gonna let the world pass by me
The Archbishop's gonna sanctify me
And if he don't come across
I'm gonna let it roll
When Black Friday comes
I'm gonna stake my claim
I'll guess I'll change my name

[akip]

at this point, it's being driven down by hysteria. i think it'll be back up to 9K soon, but then it's gonna be a slow recovery.

[Lonestar]

GM stock is at $4.89 a share.. I know nothing about the market but that sounds like a buy to me!

[frizgolf]

GM stock is at $4.89 a share.. I know nothing about the market but that sounds like a buy to me!

Buy P&G. GM's gonna tank.

[euro60]

Buy P&G. GM's gonna tank.

couldn't agree more. In times like these, P&G is the one to stay with.... people always need basic supplies.

[classicgrrl]

GM stock is at $4.89 a share.. I know nothing about the market but that sounds like a buy to me!

yeah - by a group of private investers who will then just take the car company private ala Chrysler.

[classicgrrl]

yeah - by a group of private investers who will then just take the car company private ala Chrysler.

whoop - there it is!


Reports: Chrysler, GM discuss merger, acquisition
Saturday October 11, 12:14 am ET
Reports: Chrysler, General Motors discuss merger or acquisition of Chrysler by GM


DETROIT (AP) -- Published reports say General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM.
The Wall Street Journal, citing people it described as familiar with the discussions, says Cerberus Capital Management, the private equity firm that owns 80.1 percent of Chrysler and 51 percent of GMAC Financial Services, proposed trading Chrysler's automotive operations to GM. The Journal says Cerberus would receive GM's remaining 49 percent stake in GMAC.

The New York Times, also citing people familiar with the talks, says the automakers were discussing a merger. The Times did not mention GMAC, a traditional auto lender hit hard by the housing market downturn.

Messages seeking comment left with GM and Chrylser by the The Associated Press were not immediately returned late Friday.

http://biz.yahoo.com/ap/081011/gm_chrysler_merger_talks.html

[mizary]

my guess

7,942

--mizary

[Fourthisto]

Thanks, Gene!!! Why couldn't you have shown up sooner and made my poll selection accurate!?!?! :mad:

FOR WHOM GENE TOLLS

The Dow Jones Industrial average reached its lowest point in at least five years Nov. 19. Why? Gene Simmons.

For some reason, the KISS bass player rang the opening bell at the New York Stock Exchange and the selling began. The Dow stood at 8,420 points when he left the podium.

Simmons then went to make a keynote speech at the Billboard Touring Conference in NYC, dropping the Dow 200 points.

By the time he was finished, the Dow had lost a total of 427 points and was below the 8,000 threshold for the first time since 2003.

[BigSugar]

GM stock is at $4.89 a share.. I know nothing about the market but that sounds like a buy to me!

for the record, you were wrong ;) GM at close today was 2.88. days low was 1.70

brutal numbers for a "blue chip".

[monkey neck]

for the record, you were wrong ;) GM at close today was 2.88. days low was 1.70

brutal numbers for a "blue chip".

It's a blew chip now.

[dry-gulcher]

Here's an idea...
Tax the snot out of those bastards on Wall St.
And while were at it, more regulations too, that'll teach those filthy-rich a lesson they won't forget!

[mikeatthemadfro]

for the record, you were wrong ;) GM at close today was 2.88. days low was 1.70

brutal numbers for a "blue chip".



Yeah, trying to time and buy anything that "sounds" cheap if you're just guessing is BRUTAL...

of course just sitting on my mostly international funds and watching them plummet doesn't seem like it's any better of a strategy right now...


Billy Joel....and we will all go down together...we said we'd all go down together....

[BigSugar]

if Citibank is able to stabilize, then i think the market will stabilize. if they go down, all bets are off. look for 5000 before end of year if Citi falls. i don't think the Fed can/will let Citi fall though, so we'll see what happens.

[the happy prole]

Yeah, that's my dad's reasoning in buying Citi and trying to get me to buy it. He figures the government will have to save them. And the other thing is, if Citi goes tits up your money in the bank is useless anyway.

So either he makes some money off Citi, or else he (and us) are fucked no matter where our money is.

I told him I thought his reasoning sounded like it couldn't fail.... and then hung up the phone and did not buy Citigroup.:p

[Macpherson]

i wouldn't buy citi based on their bloated, unmanageable size. i'm a little surprised they've weathered this up to this point.

[mikeatthemadfro]

citi's no longer too big to fail...not after this week...

for those of us still young enough to invest for 20 to 30 years...we should have hope of a long term recovery in our stocks...however...this bloated mess (citigroup's stock went up 1500 percent between 1990 and 1997...)
the housing BS...houses flipping for double their value within a few years...
this all must MUST reset before we can have some faith in the system at all...

so attempts to inject fake money into a bloated fake system shouldn't really help anyone except my mom and dad's generation maybe...so they can get by a little bit longer...

I'm guessing those who are between 45-53 age range would benefit the least from this collapse...not as much time to buy & hold and recover and win...

though none of us really know how long we have eh?

[BigSugar]

i just moved what little remains of my stuff into gold and gold derivatives. the hedge fund boys have finished their selloff of gold to raise cash and it's a buy again in my book.

[the_birds]

If your saying we're going back to 6400 (DJI), personally, I think that's not happening.

We were having this informal conversation on Sat night, one of the people present was "in the business" and we agreed that the market wants to be higher, that unless some extremely bad info comes down the pike, the market will continue to bounce until it stays up for a while. The bounces will come from paranoia and profit-taking, but the market wants to be higher. Maybe its because everyone is counting on it going up that it just is, that and most of the bad news is already out there.

That was our consensus.

We did disagree about where oil was going to be at the end of the year. I said it won't break $70, buddy said $100.

[jneale]

Disclaimer: I am not an investment advisor – you’d be a fool to listen to me for investment advice

What I’ve listened to over the past week:

From an investment firm: “the financial news will be disturbingly bad through the end of the year”

From an advisor: “corporate debt & negative leading indicators = more volatility through the end of the year, commercial real-estate bust hasn’t hit the markets yet – there will be more decline” “there will be upsides in fixed markets as they lead the way out of recessions” “continue to stay broadly diversified & cautiously enter into the market over the next 10 months”

From a meeting with local banks: “we are at the start of the commercial real-estate crisis, the banking stress test are due this week – the market has been occupied with swine flue news – the results of the stress test have not yet hit the market – there will be volatility”

“the bottom of the residential real-estate crisis has not yet been reached; expect another 10% decline over the next year.”

“the impacts of automotive have not yet fully reached the markets – plant shut downs lead to supplier bankruptcies that will have impacts on consumer spending. Dealership closings will negatively impact commercial real-estate markets that are expected to have a greater negative impact than residential and have yet to be fully understood”

[Duemellon]

Corporate confidence is a sign they're lying & going to crash.

Corporate modesty is a sign they're lying & are waiting to pounce on new opportunities.

Hmmm... in both case you can trust the corporate entity to disguise their intents. Yah, don't bother asking a company how they're doing unless you're a member of the board.

[jneale]

Best you could say is that the economy is getting worse at a slower pace.

Another quote was something like “obama’s massive spending will do little more than make the dead cat bounce a bit higher.”

[ohmikeodd]

17500 !!! (http://www.theonion.com/content/news/nation_ready_to_be_lied_to_about?utm_source=a-section) Gotta love the onion

[jneale]

todays news - the second shoe has yet to fall:

commercial real estate $100 billion in losses expected, not realized in the markets yet, hit will start Q3 and last into 2010

Pension Protection Act that was intended to get pension funds fully funded within 7 yrs will harm viable companies unless it is changed by 2010

the commercial real estate losses were not fully explored in the "stress tests" and will harm small to medium banks as well as the larger banks "reviewed" with the "stress test"

Our take away:

Keep the funds broadly diversified
continue to pay recipients via cash vs. selling
slowly move money in
once the market hits 7500 accelerate moves to bonds

[euro60]

Hmmm... in both case you can trust the corporate entity to disguise their intents. Yah, don't bother asking a company how they're doing unless you're a member of the board.
as opposed to the intents of the unions, right? :rolleyes: