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Started By
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re: Dow to 6,500?
Posted on 3/2/09 at 12:05 pm to Meauxjeaux
Posted on 3/2/09 at 12:05 pm to Meauxjeaux
6000-5500 by June. I say we stabalize there and begin a slow uphill trudge. We may not make it back to 10K until the end of the decade but if you have the free cash to buy in now it could be a boon down the road.
Economy will continue to contract through the third quarter. Jobless claims will hit a high in say August-October.
Also, credit to Colonel Hapablap. I was getting frustrated last fall and it was when I read one of his posts that I realized that we were definitly heading to at least 6k. I reigned back from the market and shuffeled some things. Looking forward to buying back in soon.
Economy will continue to contract through the third quarter. Jobless claims will hit a high in say August-October.
Also, credit to Colonel Hapablap. I was getting frustrated last fall and it was when I read one of his posts that I realized that we were definitly heading to at least 6k. I reigned back from the market and shuffeled some things. Looking forward to buying back in soon.
This post was edited on 3/2/09 at 12:08 pm
1
Posted on 3/2/09 at 12:50 pm to mule74
No bank fix, no recovery. Until that pivotal factor is seriously addressed, I will continue to believe that the global economy will stay firmly planted in its downward trajectory. I'm sure we'll get another trade-able rally in equities, maybe as soon as the end of this week since we'll be in another weak news period after NFP on Friday.
Posted on 3/2/09 at 1:31 pm to kfizzle85
EU CBs said they are not going to bail out Western European banks. Warning! Shitz Storm coming to a central bank near you! Tin Pot wannabe rabble rousers lining up to take overy countries that you probably didn't know existed.
The situation in EU has the flavor of 'Nostromo' by Conrad. A economic/political blow up in Ukraine could be the 'start of something big' from some song and dance movie...Gene Kelly?
Dow 6831 down 231 at 2:28PM Fl time.
The situation in EU has the flavor of 'Nostromo' by Conrad. A economic/political blow up in Ukraine could be the 'start of something big' from some song and dance movie...Gene Kelly?
Dow 6831 down 231 at 2:28PM Fl time.
Posted on 3/2/09 at 4:28 pm to Rivers
UBS puts ftw baby.
Posted on 3/2/09 at 9:53 pm to Rivers
Think it'll hit there this week. BTW, check out when this thread was started...
Posted on 3/2/09 at 10:16 pm to Homeboy
?
Posted on 3/5/09 at 1:26 pm to kfizzle85
Looks like 6500 is closer than some thought.
Posted on 3/5/09 at 1:32 pm to tygerstripes
:omg: :omg: :omg:
When the last optimist tells you to stop buying and sell out instead (probably amserdam), start buying.
When the last optimist tells you to stop buying and sell out instead (probably amserdam), start buying.
Posted on 3/5/09 at 1:38 pm to tygerstripes
All I said was that to get to 6500 on Monday would have been nearly impossible.
Posted on 3/5/09 at 4:20 pm to kfizzle85
Was at 10,000 when I started this post.
Hope you guys didn't listen to your broker...
Hope you guys didn't listen to your broker...
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