Domain: tiger-web1.srvr.media3.us Dow to 6,500? | Money Talk
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Dow to 6,500?

Posted on 11/12/08 at 6:02 pm
Posted by Homeboy
Member since Aug 2007
10867 posts
Posted on 11/12/08 at 6:02 pm

Where will it bottom out?

Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 11/12/08 at 6:10 pm to
5000 at least.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26725 posts
Posted on 11/12/08 at 6:13 pm to
When's the rally coming?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 11/12/08 at 6:16 pm to
dunno. It might be over for all I know.
Posted by sheek
New Albany, OH
Member since Sep 2007
44138 posts
Posted on 11/12/08 at 6:32 pm to
it will go down to around 4200.
This post was edited on 11/12/08 at 10:57 pm
Posted by tiger91
In my own little world
Member since Nov 2005
40126 posts
Posted on 11/12/08 at 7:01 pm to
what was the Dow when it crashed in '87?
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26725 posts
Posted on 11/12/08 at 7:07 pm to
2000
Posted by STEALTH
Kansas
Member since Feb 2008
958 posts
Posted on 11/12/08 at 8:29 pm to
No lower than 5,000. Im licking my chops to get in. Liquid is everything in the market right now. Some really good companies are way over sold IMHO.
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
5469 posts
Posted on 11/12/08 at 9:23 pm to
Its been a while since I had a finance class but I am just wondering what is the P/E and other ratios look like like on the major indexes?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 11/12/08 at 9:23 pm to
I will start scaling in at 5k.
Posted by Homeboy
Member since Aug 2007
10867 posts
Posted on 11/12/08 at 10:08 pm to

Better to sit on sidelines with cash? Someone was posting on here we could be looking at a decade of staglation.

Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78034 posts
Posted on 11/12/08 at 10:39 pm to
1550

Posted by TigerRanter
Louisiana
Member since Feb 2005
6835 posts
Posted on 11/12/08 at 10:54 pm to
If WalMart's guidance is really gloomy tomorrow look out below. You saw what happened with Best Buy today.
Posted by tylercsbn9
Cypress, TX
Member since Feb 2004
66887 posts
Posted on 11/13/08 at 12:24 am to
Obama's got this
Posted by Martavius
Member since Nov 2005
16019 posts
Posted on 11/13/08 at 8:50 am to
quote:

If WalMart's guidance is really gloomy tomorrow look out below.

9.8% increase in earnings in Q3 and an "optomistic" outlook on holiday sales.

Mayc's is another story though. Looks pretty bad for them right now.
Posted by C
Houston
Member since Dec 2007
28194 posts
Posted on 11/13/08 at 9:58 am to
what's hurting the most right now is the hedge funds going out of business. I've had a couple of stocks that are showing strength financially but large stock owners are being forced to sell. The prices are just tumbling.
This post was edited on 11/13/08 at 12:57 pm
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 11/13/08 at 12:54 pm to
BTW,
quote:

When's the rally coming?

Now.
Posted by footballislife
Member since Mar 2007
3907 posts
Posted on 11/13/08 at 1:13 pm to
quote:

9.8% increase in earnings in Q3 and an "optomistic" outlook on holiday sales.


Yeah, but they guided down for next year.

Wal-mart will make out somewhat ok in this storm. People gots to have groceries and sundries, etc and noone handles their inventory and cost as good as those folks.
Posted by footballislife
Member since Mar 2007
3907 posts
Posted on 11/13/08 at 1:41 pm to
quote:

Now.


This market sure is fun to watch. From down around 300 to up over 200 in about an hour or so.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 11/13/08 at 1:48 pm to
we could very well be +500 today. This market has been begging to snap back.
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