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Dow Jones Record - Page 7

Did you see that rally today? Wowzers! How exciting The "talk" says we'll go up to 10,000 --- -maybe even 11,000! ---- before it starts to slide again after the elections.

I love this stuff.

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I love it when the market shoots up like it did yesterday. That means my money is recovering. The only thing I do not like is all these 3 digit ups and downs we seem to be having.

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They have a lot of tricks up their sleeves. I think it is coming to an end. People aren't looking at the job losses in manufacturing. The very backbone of the economy. I am surprised it is still floating.

They will get the reports from the department stores after christmas and I don't think they will be good. It might be enough to do the economy in. I really hope we got another 2 to 4 years though. I am afraid that is just not realistic though.

Edited: Quasar on 29th Oct, 2008 - 9:09pm

Page 7 Record Jones Dow

I think it will be enough to see what is going to happen here the day after thanksgiving when most retail stores have their best day. IF that is a down day that could answer a lot of questions. These triple digit days are getting to a person who follows this all the time.

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The analysts I read regularly (Landry... Goulding... Ure... those Elliot Wave guys, etc.) are predicting a bounce, possibly up to as high as 10 - 11,000 in the next couple of months... then a big drop after the first of the year, maybe in the spring, will come the major slide down to Dow 770 (yes, that's seven-hundred-seventy). One guy got all of his clients OUT of the market when it was at 13,000 and into bonds and treasury notes. He says it's not about making money right now but preservation of capital.

Me? I don't have enough money to worry about losing it

Dow Jones Record

Wow, that is some prediction. Does the economy exist at all when it is that low? Some would argue that it doesn't exist now. It puts consumption at about 10% of what it is now.

I guess people would say then would be the time to buy, but I don't think the next economy that rises from the ashes will be a consumption based one. We all might be rich in 10 years if you use common sense and pursue substance that has real value.

Edited: Quasar on 31st Oct, 2008 - 2:43pm

Dow Jones Record - Page 7

If the dow does fall that hard and that fast I am sure that I will survive. I know most of my stocks will continue to be around even if it crashes.

Dow Jones Record Politics Business Civil & History - Page 7

If you look at the historical data for the DJIA, it's only been about 20 years since it rose over 1,000. It's not that difficult to imagine it under that level again.

Greenspan called it "irrational exuberance" back in the 90's tech bubble. That mindset has never really backed off, even after the mini-crash of 2000.

Sure, Klar, your stocks will still be around -- at least on paper. But they may be only worth papering your dining room.