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LSU7096 
LSU Fan
Houston
Member since May 2004
513 posts
| Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:02 pm)
Where will the Odummy economy take us over the next 2 months? Back to credit downrating lows?
Pulled out before election @ $13,600 and Dow is heading $1000 below that mark, how much lower will it go?
LSU Russian, where would be the best place to put ~$400k into when we hit bottom?
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oldschoolgreats
LSU Fan
Member since Nov 2012
453 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:18 pm to LSU7096)
I'll take it. thank you very much.
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LSU7096
LSU Fan
Houston
Member since May 2004
513 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:19 pm to oldschoolgreats)
You my rich uncle in Nigeria who will quadruple my money in 90 days?
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OnTheBrink 
Alabama Fan
TN
Member since Mar 2012
1880 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:21 pm to LSU7096)
quote:
You my rich uncle in Nigeria who will quadruple my money in 90 days?
Damn, you got one too?
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63835 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:39 pm to LSU7096)
quote:
LSU Russian, where would be the best place to put ~$400k into when we hit bottom?
You can find a better adviser than me to help you with that.
I'm staying mostly in cash for a while.
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CamdenTiger
Member since Aug 2009
23136 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:42 pm to LSURussian)
quote:
I'm staying mostly in cash for a while.
Me too, may be the wrong move, as the Fed keeps propping everything up, but I got out a few months ago, and just staying on the sideline for a while...
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LSUcam
LSU Fan
Destin FL
Member since Dec 2011
381 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 12:46 pm to LSU7096)
The overall market goes on further discount over the next couple of weeks, then the negativity ebbs and stocks continue to prove to be the best investment over the next 3-5. 
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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
36665 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 1:12 pm to LSU7096)
I predicted 10,400 in a post a while back. Im not vested right now in stock but want to get back in.
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greenhead11
LSU Fan
Member since Feb 2012
608 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 1:32 pm to Catman88)
If. And a big IF, Congress and our president can engineer a comprimise before Jan 1, I think there is potential to miss out a fairly significant move to the upside.
To me it seems like China's economy is "bottoming" out from their over publicized and dramatized "slow down" from 8.5%+ GDP growth to 7.5+? GDP growth.
Honestly, safest bet IMO right now is in China, international bluechips
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foshizzle
LSU Fan
Member since Mar 2008
25459 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/14/12 at 9:53 pm to LSURussian)
quote:
I'm staying mostly in cash for a while.
Lest anyone miss this - Russian is probably not in pure cash but in a MMF, which is simply very short-term notes.
Duration matters. If you have cash to invest, do it short. If you want to borrow, do it long. Refi your mortgages now while the long term fixed rates are good. 
ETA: Yes, I know about Japan. 
This post was edited on 11/14 at 9:57 pm
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63835 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/15/12 at 8:05 am to foshizzle)
quote:
Lest anyone miss this - Russian is probably not in pure cash but in a MMF, which is simply very short-term notes.
Correct. I made an assumption the highly educated readers on this board know that I don't mean I have a storage cabinet full of hundred dollar bills. 
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wickowick
LSU Fan
Head of Island
Member since Dec 2006
13392 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/15/12 at 8:13 am to LSURussian)
quote:
Correct. I made an assumption the highly educated readers on this board know that I don't mean I have a storage cabinet full of hundred dollar bills.
I thought it was these...
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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
36665 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/15/12 at 8:17 am to LSURussian)
Now Im going to be left with a hollow unconfortable mattress for following russian's advice.
Who is going to fix all the holes in my yard from the buried cans?
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63835 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/15/12 at 8:28 am to Catman88)
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Blakely Bimbo
Alabama Fan
Member since Dec 2010
774 posts
| re: Does DOW bottom at 10,500 again? (Posted on 11/15/12 at 1:22 pm to Catman88)
Would NOT surprise me in the least if we end the year with the S & P roughly flat or up slightly 1-2% year over year. The Financial Mockingbirds on TV will point out to the investing public that when you add in dividends, you are still much better off than putting your $$$ in CD's.
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