hobbit
Tartan Jacket From: The Shire
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Re: How much will DJIA drop tomorrow?
« Reply #15 on: January 21, 2008, 11:03:50 PM » |
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I wish I could be as upbeat has Hobbit and Ben Stein, but things aren't looking too good right now.
Try not to fixate on the above - slowdowns and recessions (If we should we drop into one) are usually pretty short term. |
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I've gone to find myself. If I get back before I return, keep me here.
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birdymaker
Straitjacket From: a third world country in the making
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Re: How much will DJIA drop tomorrow?
« Reply #16 on: January 22, 2008, 06:18:40 AM » |
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I wish I could be as upbeat has Hobbit and Ben Stein, but things aren't looking too good right now.
Try not to fixate on the above - slowdowns and recessions (If we should we drop into one) are usually pretty short term. unless you live in the rust belt.  |
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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Aske
Lederhosen
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Re: How much will DJIA drop tomorrow?
« Reply #17 on: January 22, 2008, 06:47:29 AM » |
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I wish I could be as upbeat has Hobbit and Ben Stein, but things aren't looking too good right now.
Try not to fixate on the above - slowdowns and recessions (If we should we drop into one) are usually pretty short term. they're also usually not caused by 4-5 years of GDP growth almost exclusively attributable to : hyperinflated housing bubble hyperinflated health care hyperinflated energy costs nor have they been in the wake of: massive mcjob replacement of the lower-middle offshored class tech-job. |
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« Last Edit: January 22, 2008, 06:55:27 AM by Aske »
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Aske
Lederhosen
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Re: How much will DJIA drop tomorrow?
« Reply #18 on: January 22, 2008, 06:55:50 AM » |
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anyways, already down 400+
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Fuzzy
Full Metal Jacket From: Island of Misfit Toys
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Re: How much will DJIA drop tomorrow?
« Reply #19 on: January 22, 2008, 07:37:16 AM » |
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Figures. My company's stock is up a few pennies this morning.
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
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birdymaker
Straitjacket From: a third world country in the making
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Re: How much will DJIA drop tomorrow?
« Reply #20 on: January 22, 2008, 07:40:09 AM » |
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fed steps in and artificially re inflates it.
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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gleek
Flak Jacket
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OfflineE chu ta!
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Re: How much will DJIA drop tomorrow?
« Reply #21 on: January 22, 2008, 07:42:21 AM » |
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Figures. My company's stock is up a few pennies this morning.
Emergency rate cut by the Fed. Otherwise, today would have been a complete whitewash by the bears, and it still could be tomorrow after the people have time to think about whether or not the Fed's actions are enough. |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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Aske
Lederhosen
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Re: How much will DJIA drop tomorrow?
« Reply #22 on: January 22, 2008, 07:50:38 AM » |
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Figures. My company's stock is up a few pennies this morning.
Emergency rate cut by the Fed. Otherwise, today would have been a complete whitewash by the bears, and it still could be tomorrow after the people have time to think about whether or not the Fed's actions are enough. if asian markets drop 4-5 more % overnight this rate cut will be both a wasteful joke and the true autocatalyst to the impending stagflation. |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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gleek
Flak Jacket
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Re: How much will DJIA drop tomorrow?
« Reply #23 on: January 22, 2008, 08:20:50 AM » |
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Yikes! I haven't seen such steep drops like this in a bank stock since Fall of 1998.  Citigroup is now trading near what it was on 24 Jul 2002, when the DJIA sank to 7700 (i.e. lowest-level in the Dubya Era). |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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Aske
Lederhosen
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Re: How much will DJIA drop tomorrow?
« Reply #24 on: January 22, 2008, 08:22:53 AM » |
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Yikes! I haven't seen such steep drops like this in a bank stock since Fall of 1998. Citigroup is now trading near what it was on 24 Jul 2002, when the DJIA sank to 7700 (i.e. lowest-level in the Dubya Era). basically looks like the inflation adjusted DJIA overall from the bu$hco run. |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Aske
Lederhosen
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Re: How much will DJIA drop tomorrow?
« Reply #25 on: January 22, 2008, 08:24:58 AM » |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Spanky
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Re: How much will DJIA drop tomorrow?
« Reply #26 on: January 22, 2008, 10:07:02 AM » |
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Looks like it's trying to come back. Most likely people will start selling this afternoon, those that did not Firday and this morning.
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hobbit
Tartan Jacket From: The Shire
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Re: How much will DJIA drop tomorrow?
« Reply #27 on: January 22, 2008, 11:57:52 AM » |
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I wish I could be as upbeat has Hobbit and Ben Stein, but things aren't looking too good right now.
Try not to fixate on the above - slowdowns and recessions (If we should we drop into one) are usually pretty short term. they're also usually not caused by 4-5 years of GDP growth almost exclusively attributable to : hyperinflated housing bubble hyperinflated health care hyperinflated energy costs nor have they been in the wake of: massive mcjob replacement of the lower-middle offshored class tech-job. First let me qualify - its not that I'm 'upbeat' - its just that I'm not panic'd or too worried about it. Understanding that corrections/slowdows/recessions are part of the cycle of things, it doesn't scare me. Now, if I was a mortgage broker I may feel differently (jobs at risk n' all). So, you think this current trend is unique. That we've never dealt with problems such as these before. And you're right. However, every other time we've had a slowdown/correction, it was the result of a combination of problems that we had never dealt with before. And everytime there were people screaming that we could not deal with the problems. That 'this time' it was really going to fall apart. Being new is nothing new. The market is resilient. The downside - I do not think we've hit bottom yet. With pending layoffs in the mortgage/banking industry, consumer spending will continue to slow. But within 10-12 months of that bottom, we're usually on our way to recovery, slow as it may be. Is this a 10 month problem? Not sure. But I'm willing to place bets on the market 3-5 years out. Matter of fact, I'm making an appointment right now to fund my Roth for the year. Buy low n' all  |
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I've gone to find myself. If I get back before I return, keep me here.
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gleek
Flak Jacket
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Re: How much will DJIA drop tomorrow?
« Reply #28 on: January 22, 2008, 12:02:24 PM » |
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Matter of fact, I'm making an appointment right now to fund my Roth for the year. Buy low n' all They also say "don't try to catch a falling knife."  |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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gleek
Flak Jacket
Karma: 107 Posts: 9510
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Re: How much will DJIA drop tomorrow?
« Reply #29 on: January 22, 2008, 12:40:45 PM » |
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Wow! I'm actually up for the day (so far *knock on wood*). The market is tricksy!  |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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